PAYMENTS

GABRIEL VIEIRA , VP OF ENGINEERING , EMEA , CI & T

The rise of real-time payment networks Real-time payment ( RTP ) networks are gaining traction worldwide , offering near-instantaneous fund transfers and settlements .

Brazil ’ s PIX system stands out as a prime example of RTP ’ s potential . Launched in November 2020 , PIX processed more than 1 billion transactions per month within its first year , with nearly 60 % of Brazil ’ s population adopting the system .

Gabriel Vieira , who works with some of the largest banks in Brazil , offers insight into PIX ’ s success .

TITLE : VP OF ENGINEERING , EMEA COMPANY : CI & T INDUSTRY : ENGINEERING LOCATION : UK

Gabriel Vieira leads high-performing teams to deliver outstanding business results for global clients at a programme level . He is energetic and passionate about using the best engineering practices .

“ PIX has transformed the payment landscape in Brazil by offering instant , 24 / 7 payments with no fees for individuals , making it a preferred choice for millions of users ,” he notes . “ The success of PIX showcases the potential for RTP networks to become ubiquitous globally .”

However , the global adoption of RTP networks has its challenges . The pace of implementation varies significantly between countries , largely dependent on regulatory environments and investment levels .

While some nations , like Brazil , India and the UK , have made significant strides , others are still in the early stages of adoption .

“ The bigger question is whether all these RTP schemes join together so that instant , low-value , cross-border payments become easier ,” says Anish . “ We ’ re already seeing this in Asia , where the ASEAN nations have created a low-value , cross-border system connecting Indonesia , Malaysia , Singapore and Thailand . However , there has been less activity in the EU , UK and the US .” fintechmagazine . com 135