Business

Flavio Bolsonaro proposes keeping Brazil's Pix away from non-Western payment networks

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Senator Flavio Bolsonaro, President Luiz Inacio Lula da Silva's main rival ahead of Brazil's October presidential election, has proposed barring the country's ​digital payment system Pix from integration with non-Western cross-border settlement systems, ‌arguing the move would help ease U.S. concerns over the country's hugely popular instant-payment platform.

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