Brazil's Central Bank Signals Confidence in Global Pix Link

PYMNTS Intelligence found Pix has made instant payments common across Latin America and described its growth as "unprecedented." "Since its introduction, Pix has significantly boosted financial inclusion by encouraging the opening of digital accounts across all societal segments and integrating more individuals into the financial ecosystem," the report said.

Tensions between Washington and Brasilia grew after Pix drew interest from several other countries, Reuters reported. In July, U.S. Trade Representative Jamieson Greer named Pix an obstacle to trade when Washington imposed 25% tariffs on imports from Brazil. The tariffs took effect in late July. A senior Trump administration official told Reuters: "We're not asking Brazil to get rid of Pix," adding that the White House wants to prevent a situation in which "Pix gets special treatment simply because it's owned and operated by the government." The Monday report gave no timeline for a cross-border link and did not name potential partners.

Brazilian officials said the criticism is meant to protect U.S. credit card companies.