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In some nations around the world, There's a separation with the payment system operator from your regulator and supervisor of that procedure. This occurs being the case in India and China, whereas in Brazil, these individual features are all managed throughout the BCB (although by distinct departments).
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This paper discusses the key design and style options of Brazil’s instantaneous payment process (Pix) that have contributed to its good results and compares several of its features with People of prompt payment methods in other international locations. The paper also outlines some remaining worries within the implementation of Pix.