Instant payments adoption worldwide: why India and Brazil succeeded while the US and Mexico stalled

19 Aug 2026 - 12:35
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McKinsey examines instant payments in India, Brazil, the US, and Mexico, and while impressed with the 15-18% annual growth, it somehow can’t figure out why India and Brazil succeeded while the US and Mexico stalled. Richard Turin, Fintech, AI and Innovation Consultant, explains why. UPI and Pix were built as digital public infrastructure with universal […]

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