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BUSINESSJun 20 · 07:54 UTCTHE RIO TIMESSofia Gabriela Martinez

Brazil Lifts the Cap on Tap-to-Pay Pix, Squeezing Card Networks

Brazil's central bank has removed the R$500 limit on tap-to-pay Pix, enhancing its competition with contactless bank cards. The change positions Pix as a stronger rival in the payment systems market.

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Brazil's Central BankorganizationPixtopicR$500 limittopiccontactless bank cardstopicThe Rio Timesorganization
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