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UnionPay to integrate Chinese payment apps with Brazil's Pix system

UnionPay International is planning to integrate Chinese payment applications with Brazil's Pix system, enabling Chinese tourists to make payments by scanning QR codes. This move follows recent US tariffs imposed on the Pix system, with central banks remaining notably silent on the pilot program. The integration aims to allow users of the UnionPay app and linked Chinese bank apps to pay merchants directly from their home accounts, potentially expanding to other digital wallets within UnionPay's global network. AI

RANK_REASON Partnership between a payment processor and a national payment system.

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UnionPay to integrate Chinese payment apps with Brazil's Pix system

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Partnership between a payment processor and a national payment system.
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49 days old
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Igor Patrick ·

    UnionPay to plug Chinese payment apps into Brazil’s Pix after US tariffs over the system

    China’s UnionPay International plans to connect Chinese payment apps to Pix, the Brazilian payment system at the centre of Washington’s trade case against Brasilia, allowing Chinese tourists to pay by scanning a code. Under the pilot, users of the UnionPay app and of Chinese bank…