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This paper discusses The main element style functions of Brazil’s prompt payment procedure (Pix) that have contributed to its achievement and compares several of its functions with those of immediate payment units in other countries. The paper also outlines some remaining issues within the implementation of Pix

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eleven. Despite having a extremely productive immediate payment system, the Brazilian authorities encounter some implementation difficulties, which are shared with other nations around the world. Some troubles, in conjunction with actions taken from the authorities in response, involve:

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