Consumers in the Latin American country are pioneers in the adoption of new technologies in the financial segment, according to Accenture
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The phased implementation starts today and the model will be introduced throughout 2021.
Transactions using the technology have seen a steady monthly increase in 2020, according to research.
The Central Bank's platform is surpassing other payment methods such as debit cards and is more popular among young males at the top of the socioeconomic pyramid, research suggests.
No serious incidents were verified but banks faced some technical glitches; the system will be fully operational on November 16.
The country's authorities warn of potential "irreparable damage" that could be caused by the new feature of the messaging app.
Sector companies are prioritizing areas such as data analytics and artificial intelligence, according to an annual survey.
The service is being launched with local institutions Sicredi, Banco do Brasil and Nubank as initial partners.
The new milestone sees the testing of critical features of the platform, through the simulation of transfers by participating institutions
The new platform is expected to go live in November 2020 as part of a series of innovations introduced by the country's central bank.