India’s Unified Payments Interface (UPI) 🇮🇳 and Brazil’s Pix 🇧🇷 are the world’s top two real-time digital payment systems, accounting for 46% and 15% of global transactions, respectively. Both systems were designed and implemented in just a few years following a DPI approach to Open Finance, rapidly accelerating the adoption of digital payments. Brazil and India built on the success of their open finance for payments systems (PIX and UPI), by building open finance for data-sharing infrastructure. These articles deep dive into the nuances of implementations across both countries to unearth the design, technology, policy and, market decisions that were able to create this exponential impact.

Case Studies