Brazil’s Digital Invoice Enters Live Testing, Eyeing Cheaper SME Credit

Markets Key Facts —The phase. Brazil’s central bank has moved the digital invoice system into “assisted production,” the last testing stage before it becomes standard. —The prize. An estimated R$11 trillion ($2.15 trillion) in yearly invoices could be mobilized, against roughly R$1 trillion actually used as credit today. —The survey. Of financial institutions polled by…