Status
Operating at scale
If a RTPS exists
Yes
Vision: PSP interoperability
Yes
Name (Payment)
Pix
URL (Payment)
Region
Latin America
# of participants
2022- 792
AML law
Yes
Bank participation in network
Yes
Centralised fraud management system?
Yes
Consumer protection law
Yes
Governor
Central bank/ Financial regulator
Non-bank participation in network
Yes
Notes
Open API but restricted to 20 banks Note on interoperability policy- all major financial institutions must connect with each other with no (explicit) financial costs to individuals.
Offline transactions
Yes
Operator
Central bank
QR-based transactions
Yes
Reporting forum/ website/ form
Yes
Rules: data handling rules for PSPs, users
Yes
Rules: data leak notifications
Unknown
Rules: participation conditions
Yes
Rules: recourse mechanism
Yes
Rules: transaction recall
Yes
Settlement systems
RTGS
Transaction cost
0 for individuals (set by regulator). 0.22% for retail transactions.
Transaction types
P2P
P2M
Value (Year-USD)
2022- USD 1834 B
Volume (Year- Volume)
2022- 20354 M