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While the Brazilian Open Banking agenda doesn’t explicitly touch on VRP, the country’s central bank intends to introduce it through PIX, the local peer-to-peer payment solution akin to the US FedNow and India’s UPI. The initiative, referred to as “PIX Automático” (Automatic PIX), is set to launch as early as April 2024 with the regulations expected by September 2023. A leaked demo of the services shows approval requests as push notifications to the consumer’s bank app, where they will manage their VRP relationships.

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