UNIONPAY TO PLUG CHINESE PAYMENT APPS INTO BRAZIL’S PIX AFTER US TARIFFS OVER THE SYSTEM
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| Source | Latest linked headline | Age |
|---|---|---|
| News - South China Morning Post | UNIONPAY TO PLUG CHINESE PAYMENT APPS INTO BRAZIL’S PIX AFTER US TARIFFS OVER THE SYSTEM | 2 hrs ago |
WHAT HAPPENED
UnionPay International announced plans to connect its payment network with Brazil’s Pix system, allowing Chinese tourists to use their domestic payment apps to pay by scanning a Pix QR code. The pilot, set to launch shortly, will let users of the UnionPay app and linked Chinese bank apps transact directly from their home accounts.
According to News - South China Morning Post, the pilot will enable merchants to receive payments from Chinese travelers who scan a Pix code with a UnionPay or Chinese bank app. State media reports that the service will later expand to other digital wallets within UnionPay’s global network, although no specific launch date or financial figures were provided.
Pix has become a focal point of Washington’s trade case against Brasilia, with U.S. tariffs looming over the system. The integration could give China a foothold in a Brazilian payment platform that is central to U.S.-Brazil trade tensions.
- UnionPay International plans to link its platform with Brazil’s Pix payment system.
- Chinese tourists will pay merchants by scanning a Pix QR code using UnionPay or linked bank apps.
- State media says the pilot will later extend to additional digital wallets in UnionPay’s network.
- The move occurs amid U.S. tariffs and a trade dispute involving Pix.
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