Significance The impact of Pix has been transformative for the financial system and the payments landscape in Brazil, and it has gained praise from the IMF for its positive impact on financial inclusion. The system continued to register strong growth last year in terms of several key metrics, including number of users and transactions. Impacts Pix’s success in Brazil will help boost similar systems elsewhere in Latin America. The Central Bank has gained international prestige as being at the forefront of innovation. Pix is likely to help Brazil attract more fintechs from other countries and regions.
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