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Brazil launches instant payments system called Pix
The Central Bank of Brazil has announced it will launch an instant payments platform, called Pix, that will speed up and simplify transactions, as well as foster financial sector competition... more
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SEPA instant payments for corporates are gaining traction in Europe
Since the launch of the SEPA Instant Credit Transfer Scheme (SCT Inst) in 2017, major European banks such as BNP Paribas have supported instant payments for domestic cases. Some of... more
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What steps are the ECB taking to ensure pan-European reach of instant payments?
The European Central Bank’s (ECB) Governing Council, in line with the European Commission’s (EC) objectives, has taken an important move towards the full reach of instant payments across the euro... more
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What’s new in the new retail payments strategy for the EU?
The Single Euro Payments Area (SEPA) initiative has been a key enabler for the integration of the retail payments market in the European Union: the development of Credit Transfer (SCT) and Direct... more
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Payment as a Service market set to hit 25.7 billion with CAGR of 16.9%
The global payment as a service (PaaS) market size was valued at $6.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 16.9%... more
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