Colombian President Gustavo Petro urged Brazil to expand its instant payment system, Pix, to Colombia and raised concerns about U.S. financial sanctions in a message on X, as Washington investigates the Brazilian system.

Over the past decade, India has carried out one of the most ambitious financial technology transformations in modern history.

The creation of a BRICS payment system is one of the key items on the association’s agenda and its implementation is considered feasible, Brazil’s ambassador to Moscow, Sergio Rodrigues dos Santos, said.

Chinese electric vehicle giant BYD is shifting away from its in-house financial notes system, Dilian, to pay suppliers, sources told Reuters. The move marks a major change for a practice that helped BYD grow rapidly but has been criticized for putting parts suppliers at a disadvantage.

Brazil responded to the US, stating that the Brazilian Pix instant payment system aims to ensure the security of the financial system while not discriminating against foreign companies.

Venmo, the popular payment service owned by PayPal, is experiencing widespread issues, leaving many users unable to log into their accounts.