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Financials

Brazil's central bank to launch instant payments in November

BRASILIA, Feb 19 (Reuters) - Brazilian central bank said on Wednesday it will launch a near-instant payment system in November, in a move likely to reduce costs to users.

The platform, named PIX, will allow money transfers 24 hours a day, seven days a week, by mobile phone, internet banking or ATMs. (Reporting by Marcela Ayres)

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