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5. The Pix technological innovation will allow the provision of payment companies. These are shipped by specified specified economical and payment institutions termed “participants” or “payment expert services vendors (PSPs)” to numerous types of “users,” which contain persons, firms, and federal government entities. Pix has the following options:

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This paper discusses the key layout options of Brazil’s prompt payment system (Pix) which have contributed to its success and compares some of its features with those of fast payment methods in other nations around the world. The paper also outlines some remaining problems during the implementation of Pix.