Banco do Brasil launches Pix payment feature in Argentina, eyes expansion [Yahoo! Finance]
BANCO DO BRASIL SA S/ADR (BDORY)
NASDAQ:AMEX Investor Relations:
bb.com.br/pbb/pagina-inicial/investor-relations
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Source: Yahoo! Finance
The service, developed ?with Banco Patagonia, the Argentine lender controlled by Banco do Brasil, enables any Brazilian ?Pix user - whether or not they bank with Banco do Brasil - to pay for purchases in Argentina, extending Pix beyond domestic transactions. "The launch of Pix abroad strengthens Banco do Brasil's international operations and underscores its ?commitment to innovation in ?payment methods," said Felipe Prince, the bank's vice president for Internal Controls and Risk Management. Argentina is the first ?step in expanding payment options for Brazilian users as part of the bank's global strategy, he added. The initiative is a step toward regional integration, ?Banco Patagonia ?CEO Oswaldo Parre said. Banco do ?Brasil is also evaluating whether ?to extend the feature to other countries in the Americas, Europe and Asia, focusing on areas with large Brazilian communities, it said. HOW IT WORKS Pix, created by Brazil's central bank, enables instant, round-the-clock
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