Five billion transactions are made each month with Pix, Brazil’s real time payment system, which was launched by the Central Bank of Brazil in 2020. Today Pix reaches more than 90 percent of the adult population and settles more transactions than any other financial instrument including debit, credit, and prepaid cards.
This week on the podcast, we pick up with Part 2 of Quona co-founder Jonathan Whittle’s fireside chat with Carlos Eduardo Brandt, a Senior Advisor at the Central Bank of Brazil. He leads the design and implementation of Pix and he shares how financial inclusion was a big part of rolling out what has become a widely popular and successful real-time payment system.
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The Trillion Dollar Opportunity: Financial Inclusion | Emerging Markets | FinTech