AstraPay's Pix 'translation' tech links Brazil to UnionPay, enabling cross-border payments

Brazilian fintech AstraPay has developed technology that 'translates' Pix, connecting Brazil's instant payment system to other channels, including international ones. The company has partnered with Chinese card giant UnionPay and went live in July, effectively creating an 'international Pix'. This development could expand cross-border payment interoperability, though details on scale and regulatory approvals remain unclear.