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PagSeguro Q3: Positive Trends Amid Brazil's Interest Rate Slowdown (NYSE:PAGS)

PagSeguro Q3: Positive Trends Amid Brazil's Interest Rate Slowdown (NYSE:PAGS)
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Agenda BC#: Innovation and Inclusion in the Brazilian Financial System

Central banks are searching for opportunities to include financial innovations in their plans as the global financial system becomes increasingly digital. A CBDC, an instant payment system, an Open Finance model and internationalization through foreign-exchange laws are all part of Agenda BC# introduced by the Central Bank of Brazil. ....

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PIX Launch | Hogan Lovells

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After the creation of a Brazilian instantaneous payment method earlier this year (“PIX”), on November 16, 2020, the Central Bank of Brazil (“BCB”) officially launched its new digital transfer and payment platform. The purpose of PIX is to make it easier for customers to transact in the digital banking environment.
This payment method (pursuant to which funds are transferred between accounts in a matter of seconds) is intended to allow for a fast and safe transfer of funds at any time of day. A PIX transfer can be made from a number of different types of accounts, including current/checking accounts, savings accounts, or prepaid payment accounts. ....

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