ECB Considers Link with Brazilian Instant Payment System Pix

The European Central Bank (ECB) is exploring a potential link between its TARGET Instant Payment Settlement (TIPS) platform and the Central Bank of Brazil's Pix platform.

This move would mark the first cross-border expansion of Pix, which dominates payments in Brazil, according to Reuters.

Technical teams from both central banks are assessing whether an interconnection is feasible, with a potential pilot project set for 2028.