China's UnionPay International is moving to integrate Chinese payment applications with Brazil's Pix instant payment system, enabling tourists from the Asian giant to settle transactions by scanning QR codes while in South America.
The pilot program represents a significant expansion of cross-border digital payment infrastructure between the two economies.
The United States has imposed a 25% tariff on a broad range of Brazilian imports, concluding a year-long investigation that alleged unfair trade practices.
The development comes as diplomatic and trade tensions between Washington and Brasilia intensify.
The United States has imposed a 25% tariff on a broad range of Brazilian imports, concluding a year-long investigation that alleged unfair trade practices.
Central to the dispute is the Pix system, which American authorities claim disadvantages US technology companies by creating a closed ecosystem.
Brazil has formally rejected the US threat, defending Pix as a sovereign financial infrastructure project.