Brazil's instant payment system Pix processes US$660 billion monthly and is expanding globally, even as the US investigates its dominance. Here's what foreigners need to know.

Although the conflict stems from the trade war, the debate also revolves around geopolitical influence and digital and monetary sovereignty

Brazil's instant payment system Pix processes US$660 billion monthly and is expanding globally, even as the US investigates its dominance. Here's what foreigners need to know.

A US Section 301 probe into Brazil’s central-bank payment system Pix has triggered 25% tariffs and put state-run instant payments on trial.

USA-TRUMP/BRAZIL-PIX (PIX):Brazil and US clash over future of payments as popular Pix system stirs global interest

The US imposed 25% tariffs on Brazil over its Pix payment system, citing unfair trade barriers against Visa and Mastercard in a payments