The Brazilian Instant Payment Scheme (PIX) is interesting, because it is launching within a year with both a mandatory QR code scheme and an Identifier Database (DICT) on top of the existing TED transfer system https://www.bcb.gov.br/en/pressdetail/2313/nota … Both features EU SEPA and US RTP are missing
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Indonesia has done the same thing https://www.bakermckenzie.com/en/insight/publications/2019/08/bank-indonesia-launches-standard-qr-codes … And is requiring wallets to use themhttps://www.techinasia.com/indonesia-imposes-standard-qr-code-fixed-fees-wallets …
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I don’t quite understand why the central banks in Brazil and Thailand are standardizing on EMV codes though. They have a real-time bank transfer network, so they don’t need the expensive card networks. My guess is that banks prefer the EMV codes to maintain interchange income
End of conversation
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