A smartphone screen in Sao Paulo, Brazil, on July 16, 2025, shows a banking app with options for PIX, which is an instant electronic...

Latin America has struggled with limited banking access and fragmented, costly payment systems. The region’s instant payment systems include Brazil’s Pix, Mexico's CoDi, El Salvador’s Transfer 365, and Bolivia’s QR BCB. My thinking has evolved. A more up-to-date view on the topic is available here: https://www.jeffalvares.com/post/what-brazil-s-pix-reveals-about-wto-rules-for-the-platform-economy https://www.jeffalvares.com/post/the-political-economy-of-brazil-s-pix-payment-s

Brazi's Pix instant payments system enables real-time transfers 24/7 across all financial institutions at no cost to individuals and small businesses.   My thinking has evolved. A more up-to-date view on the topic is available here: https://www.jeffalvares.com/post/what-brazil-s-pix-reveals-about-wto-rules-for-the-platform-economy https://www.jeffalvares.com/post/the-political-economy-of-brazil-s-pix-payment-system https://www.jeffalvares.com/post/brazil-s-pix-and-the-geopoli