Brazil central bank eyes expansion for Pix payment system as US trade scrutiny intensifies

BRASILIA, Aug 10 : Brazil's central bank said on Monday it is assessing links between its popular instant payment system Pix and similar platforms abroad, in a more concrete push toward cross-border integration as the system comes under scrutiny from the U.S.In a report on Pix, which was recently cited by the U.S. government among practices it views as unfair and used to justify new tariffs on Brazilian goods, the central bank said connecting instant payment systems could lower costs, accelerate transactions, broaden access and improve transparency in cross-border payments.The language was firmer than in the regulator's previous Pix management report, published in 2023, which said only that the platform "may in the future" be integrated with international instant-payment systems.The latest