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twelve. The Pix program is extremely successful. The authorities created the PIX technique immediately after very careful and deliberate research of immediate payment devices in a very number of nations. Quite a few cautiously chosen design attributes, like pace, Expense, overall flexibility to protect many use scenarios, relieve of obtain for people, interface standardization, and required participation by main financial institutions, have all contributed to quick adoption from the large-tech payment program in a country in which You can find huge dispersion in fiscal literacy.
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This paper discusses The true secret structure functions of Brazil’s fast payment system (Pix) that have contributed to its results and compares some of its functions with All online gambling singapore those of prompt payment units in other nations. The paper also outlines some remaining troubles during the implementation of Pix.