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In 2018, innovations like national real-time payment schemes including Brazil’s Pix and India’s UPI (and soon, FedNow) were still talking points. Today, those payment rails feature prominently in any discussion of cross-border payments and expansion into emerging markets.
“You see local merchants on the street and kiosk vendors accepting Pix. The new way to donate on the street is Pix. People may not have a place to sleep, but they have a Pix account. It’s pretty incredible. We’ve seen something similar in India with UPI, and Blik came out [in Poland] and created its own trend.”
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