How PIX and Brazil's Payment System Compare Internationally

The longer money takes to move in the economy, the harder it is for the economy to flourish through its fullest potential. Brazil's PIX system was set up in 2020 and within a year approximately half the Brazilian population was using it. Instant payment schemes have proliferated around the globe. In the US, that innovation has been much slower. There are some causes for concern over whether people will be able to pay with real-time payments.