Brazil-based Matera, which provides instant payment and QR code payment software to financial institutions, raised $100M from Warburg Pincus to expand

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To say that Pix, the instant payment system created by the Central Bank of Brazil, has been a resounding success is an understatement. With Pix, money moves directly between core banking systems of different financial institutions. Adoption has been widespread and ubiquitous. The country’s…

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