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Brazil to export its successful PIX instant payment system to Colombia and Canada

In Brazil, the "original" PIX is on the verge of breaking the record of R$1 trillion (US$200 billion) in transactions in a single month. It is on track to replicate its experiences in other countries, such as Colombia and Canada.

This month, the U.S. Federal Reserve begins testing its instant payments system, FedNow.

It is a sort of American version of PIX and promises to revolutionize how money is sent . . .

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