'Revolutionizing Payments: The PIX Brazil Success Story’ is an insightful 8-episode YouTube video series by AfricaNenda Foundation, a non-profit and an African-led team of experts committed to unlocking the potential of digital financial services for the financially excluded across the continent, by accelerating the scale-up of inclusive instant payment systems. It features a conversation between Sabine Mensah, Deputy CEO at AfricaNenda and Carlos Eduardo Brandt, Deputy Department Head, Banco Central do Brasil , on the PIX journey. In November 2020, Brazil’s central bank launched PIX, a payment system which allows for fast, free smartphone transfers from bank accounts or digital wallets. PIX transactions for the first quarter of 2023 totaled 8.1 billion, versus 4.2 billion credit card and 3.8 billion debit card transactions, according to BCB data.

‘’I hope that this video series will amplify PIX Brazil throughout our network and provide an inspirational and aspirational 'picture of the possible' in driving an inclusive instant payment system at a country level, ‘’ says Sabine Mensah, AfricaNenda’s Deputy CEO.

‘Revolutionizing Payments: The PIX Brazil Success Story’ is essential watching for anyone interested in learning more about the tremendous growth and uptake of PIX and the pivotal role played by governance in shaping the IPS landscape.

‘’The AfricaNenda team is doing fantastic work on providing relevant information about instant payments! The State of Inclusive Instant Payment Systems (SIIPS) Report 2023 is one great example. We also worked together in a series called "Revolutionizing Payments: The Pix Brazil Success Story" I invite everyone to listen to all the episodes. Many thanks to Sabine Mensah and Dr. Robert Ochola!”, says Carlos Eduardo Brandt, Deputy Department Head, Banco Central do Brasil.

Revolutionizing Payments: The PIX Brazil Success Story – Summary of Episodes

Episode 1 explores the inception and development of PIX Brazil.

Episode 2 unpacks the pivotal role played by governance in shaping the IPS landscape and the unwavering commitment of the Central Bank of Brazil to ensure clarity and engagement among stakeholders.

Episode 3 delves into the tremendous growth and uptake of PIX, with a staggering 4 billion transactions recorded in just one month.

Episode 4 looks into how PIX addresses the need for user education and protection in the digital payment landscape.

Episode 5 shares crucial aspects of ensuring security and integrity within the system, together with the robust measures put in place to safeguard against external attacks and minimize risks to national switches.

Episode 6 navigates the onboarding process, shedding light on the timelines involved and the various stages participants undergo to join the PIX network.

Episode 7 takes us through the factors influencing the determination of the best settlement frequency.

Episode 8 examines the various mechanisms in place to address disputes and complaints, shedding light on the roles of PSPs and the Central Bank of Brazil in resolving conflicts.

Revolutionizing Payments: The PIX Brazil Success Story is available on YouTube.

To learn more about our work unlocking the potential of digital financial services for the financially excluded across the continent visit our website: www.africanenda.org.