Brazil, ECB Eye Cross-Border Payment Link for Pix

Brazil's central bank and the European Central Bank (ECB) are exploring the possibility of linking their instant payment systems, Pix and TARGET Instant Payment Settlement (TIPS), in a move that could mark the first cross-border expansion of Pix.

The discussions reflect a willingness by technical teams on both sides to assess whether such an interconnection is feasible. According to sources, a pilot project could be launched in 2028 if the initiative advances as planned.

Pix has become a flashpoint between Brasília and Washington as the Trump administration aims to protect U.S. firms from the model's growing appeal in dozens of countries.