Pagbank reported 30 million customers, a 19% increase from 24.8 million a year earlier, now among Latin America's largest neobanks.
While Brazil's PIX has achieved great success, it is not alone. UPI has thrived in India, ushering millions into the digital economy.
One of the most popular payment methods in Brazil, Pix is now set to take over online commerce too, a study by fintech EBANX shows.
Brazilian fintech QI Tech disclosed a valuation above $1 billion following a $50 million Series B round extension.
Brazilian QI tech tapped $200 million in a landmark Series-B investment deal, one of the largest rounds in Latin America this year.
Saque y Pague will seek to strengthen its regional network and install 2,000 of its self-service terminals in the Colombian market.
Brazil and India are leading instant payment growth, with Pix and UPI accounting for over a third of total instant payments worldwide.
In Buenos Aires, presidents Lula da Silva and Alberto Fernandez said a trade common currency would help reduce dependency on US dollar.
The Digital Real is one of the most ambitious undertakings of the BCB, which has been seeking to accelerate financial inclusion in Brazil.
Founded in 2018, Ali offers payroll loans to the employees of its partner companies to help reduce their debt.