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Next generation of real-time payment systems

The research project "The Next Generation of Real-Time Payment Systems" aims to explore and evaluate the potential advancements and improvements to real-time payment systems. The project will involve analyzing the current state of real-time payment systems, identifying areas for improvement, and proposing solutions or innovations that could be implemented in the next generation of systems. The research will consider various factors, such as security, scalability, efficiency, and user experience, to ensure that the proposed solutions are comprehensive and effective. The project will also involve collaboration with industry experts and stakeholders to ensure that the findings and recommendations are practical and applicable to real-world scenarios. Overall, the project aims to contribute to the development of more advanced and user-friendly real-time payment systems that can benefit individuals and businesses alike.

Research Hub

Fintech and Payment System

Project publications

Title	Publish Date	DOI
Contribuições Fórum Pix Ambiente Contestação Fraudes e Restrição de Termos na Mensagem Pix	30 May 2024	https://doi.org/10.59262/6q2dp9
Contribuições Fórum Pix Pix Automático	18 October 2023	https://doi.org/10.59262/mw8gb6
Contribuições Fórum Pix Gestor de Pagamentos	18 October 2023	https://doi.org/10.59262/wf2jbb
Lessons from Pix: How to build a real-time payments platform at its full potential	05 May 2023	https://doi.org/10.59262/swcj93
Extending Pix: An approach to offline Dynamic QR Code generation	07 April 2023	https://doi.org/10.59262/9qu6ex

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Project announcements

Announcing the Pix Forum participation

The Center for Technology and Public Interest announced today that the Brazilian Central Bank accepted its application to participate in the Pix Forum. It's a permanent multi-stakeholder forum and "is the environment for discussions and coordination of the various market agents. The Forum's objective is to support the BC in its role as definer of the operating rules of the instant payments ecosystem".

All related publications are available on the projects' webpage.

Announcing Lessons From Pix: How to Build a Real-Time Payment Platform at its Full Potential

With over 148 million unique users and 8 billion transactions in the last three months alone, Pix has been gaining notoriety for its impressive numbers. Today, the Center for Technology and Public Interest (CTPI) published a white paper that explores the critical properties behind the success of Pix. The paper is based on the authors' experience advising the Brazilian Central Bank (BACEN) during the design of the Pix rail and could help other countries replicate its systemic attributes.

Last November, BACEN's Governor Roberto Campos Neto announced the monetary authority would make Pix's communication protocol open source to facilitate its adoption by other countries. CTPI's white paper could help shed light on why some of Pix's design decisions dramatically impacted Pix's performance and adoption.

"Pix had a transformational impact on Brazil's economy and society," said Mariana Cunha e Melo, CTPI's CEO and co-author of the paper. "Our goal is to help bring Pix-alike solutions to many other countries so that we can see the real-time payments revolution at a global scale."

Whether you work in the payments industry, are a technology enthusiast, or are simply interested in the future of payments, "Lessons From Pix" is a must-read. It is available for download for free at www.ctpi.io/lessons-from-pix.

About Pix

Pix is the real-time payment rail built and run by the Brazilian Central Bank. It uses a real-time gross settlement system and connects 90% of Brazil's over 1 billion bank accounts. It's the fastest-growing real-time payment system in the world.

About CTPI

The Center for Technology and Public Interest is a Barcelona-based private, independent, applied research center. Its goal is to bridge the gap between technology, business, and policy to create systemic and sustainable solutions to the problems that neither the industry nor the regulation can solve on their own. CTPI offers a weekly newsletter and develops research projects around four research tracks: Fintech and Payment Systems, Systems Design and Security, Civil and Human Rights on the Internet, and Environmental Crisis and Technology.

To learn more about their research projects, go to https://ctpi.io.

Contact Information: press@ctpi.io

Announcing the New Generation of Real-Time Payment Systems research project

The Center for Technology and Public Interest announced this Thursday a new project on their Fintech and Payment System research track. The New Generation of Real-Time Payment Rails project is focused on exploring the how solutions similar to Brazil's Pix could influence other jurisdictions to adopt similar approaches to increase financial inclusion, expand competition and innovation in the market, and digitalize the economy. All related publications are available to CTPI Members on the projects' webpage.