Lessons Learned From Brazil’s PIX for US FedNow Program


Finance & Banking
Fraud Management & Cybercrime
Industry Specific

Carlos Kazuo Missao Shares Case Studies From Brazil’s Faster Payments Ecosystem

Carlos Kazuo Missao, head of innovation, Americas, GFT

Brazil’s instant payment system, PIX, is second only to India’s UPI in number of transactions. As the United States prepares for the launch of FedNow, Carlos Kazuo Missao, head of innovation in the Americas at GFT, shares his experience with PIX and some important lessons U.S. banks can learn from Brazil.

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“We never know what is the real potential of faster payments in people’s lives,” Missao said. “In the beginning, it is just about making a payment and transferring some money to others. But in the end, we see lots of use cases coming up, and the payments area became a strategic area for banks to retain and to attract customers.”

Missao advised banks to manage payments APIs using security standards for ISO 2022. “These things are requirements that the companies, the banks and the market in general must be prepared upfront ahead of the payments arrangement.”

In this video interview with Information Security Media Group, Missao discussed:

  • Policies and regulations that need to be designed for the program;
  • How regulators, banks and customers can work together;
  • How GFT plans to engage with banks.

At GFT, Missao guides some of the world’s leading banking, finance and insurance companies through large-scale digital transformation. Missao’s work spans the complete overhaul of legacy architectures and full cloud migrations, as well as the adoption of advanced technologies and introduction of open banking frameworks.


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