Brazil Payment Ecosystem

Brazil's leading instant payment network, used by more than 170 million people, is now a checkout option for small businesses on PayPal's merchant platform, deepening the U.S. company's ties to the country's real-time payment infrastructure.

BCB has scheduled three major PIX compliance mandates within a 20-day window starting April 22. The deadlines cover NFC public availability, payment institution accreditation, and fraud prevention system migration.

SoFi Technologies and its banking technology subsidiary Galileo completed direct integration with the Federal Reserve's FedNow Service, enabling bidirectional instant transfers for SoFi's membership base and providing a potential pathway for broader fintech access through sponsor bank infrastructure.

PIX has more than 170 million users, representing over 90 percent of Brazil's adult population. The system accounts for approximately one-third of Brazil's online sales value.

EU Regulation 2024/886 has produced its first concrete outcome in European payment infrastructure after a non-bank institution completed direct integration with the T2 large-value settlement platform. Paysera, which processed 27.6 million transfers worth EUR 23.3 billion last year, will no longer need to route euro payments through intermediary banks.