Brazil's central bank is scrapping the R$500 limit on tap-to-pay Pix, turning the instant-payment system into a fuller rival to contactless bank cards.

Brazil has given its Pix payment system the highest tier of trademark protection, days after the US named Pix in a trade probe and a 25% tariff threat.

Brazil's central bank is scrapping the R$500 limit on tap-to-pay Pix, turning the instant-payment system into a fuller rival to contactless bank cards.