The cross-border payments potential of Pix
· Pix, Brazil’s central bank-backed instant payments system, has become highly successful since its launch in 2020. · A new FXC Intelligence report analysed the growth of Pix and its cross-border potential. · According to FXC Intelligence data, inbound consumer remittances into Brazil grew by 21% in 2022, which suggests that cross-border consumer payments could be a huge and growing potential market for the instant payments system.An FXC Intelligence report