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  1. Initiatives on Digital Government
  2. Compendium of Digital Government Initiatives
  3. Pix
  4. Pix

Pix

This compendium, prepared by the Division for Public Institutions and Digital Government (DPIDG) of the United Nations Department of Economic and Social Affairs (UN DESA), aims to capture emerging trends in digital responses of UN Member States against the COVID-19 pandemic along with other digital government initiatives and provide a preliminary analysis of their main features. These cases are shared for exchange of information so that Member States can learn from each other and possibly create new partnerships.

Within the Brazilian instant payment (IP) ecosystem, Banco Central do Brasil (BCB) created Pix, the Brazilian IP scheme that enables its users — people, companies and governmental entities — to send or receive payment transfers in few seconds at any time, including non-business days. By transferring funds between transactional accounts — demand, savings and prepaid payment accounts — Pix is a payment method that tends to have a lower acceptance cost because its framework works with few intermediaries.

Country
Brazil
Institution

Brazil central bank (Banco Central do Brasil (BCB))

Category
Digital Government
Focus
E-ServiceRegulationRegulatory Sandbox
Technology

FinTech

Links
"https://www.bcb.gov.br/en/financialstability/pix_en https://www.globalgovernmentfintech.com/brazil-central-bank-launches-instant-payments-system-pix/"
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