Banking Jungle is back and in great company! On today's episode, I had the opportunity and pleasure to interview Marina Gil and Sulivan Rocha, from PCMI.

During this amazing 30-minute chat, we explored the innovative landscape that Brazil and Latin America are building within payments, understanding how technology is promoting better access by developing new methods and infrastructure to support the scalability that the region demands.

ABOUT PCMI:

Website: https://paymentscmi.com/

LinkedIn: https://www.linkedin.com/company/payments-and-commerce-market-intelligence/

Marina Gil's LinkedIn: https://www.linkedin.com/in/marina-gil-39a9127/

Sulivan Rocha's LinkedIn: https://www.linkedin.com/in/sulivanrocha/

The first hallmark for us here was the creation of the Brazilian Payment System (in Portuguese, we often refer to its acronym: SPB) in 2002. That was a significant milestone in the evolution of Brazil's payment system. The SPB was established as a result of a series of reforms aimed at modernizing the financial sector and improving the efficiency and safety of payment transactions.

The Central Bank of Brazil played a central role in the development of the SPB, working closely with financial institutions, government agencies, and other stakeholders to design a system that could meet the needs of Brazil's rapidly growing economy.

But, what are the key responsibilities of the Brazilian Payment System? Listen to the episode to find out : )

SOCIAL MEDIA LINKS

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LinkedIn: https://www.linkedin.com/company/bankingjungle/

The Central Bank of Brazil is one of the highest-regarded institutions in Brazil's financial system, being just below the National Monetary Council. Our Central Bank is the main regulator for banking and capital markets, responsible to promote and monitor a standard operation for every institution while keeping citizens’ interests at the center of all discussions.

One of the key responsibilities of the Central Bank of Brazil is to implement monetary policy, which involves controlling the money supply and interest rates to achieve the objectives of credit costs and financial stability. The Central Bank sets basic interest rates through its Monetary Policy Committee and makes changes as needed to achieve its goals.

If you're interested to learn more about BCB, listen to the full episode : )

IG: https://www.instagram.com/bankingjungle/

LinkedIn: https://www.linkedin.com/company/bankingjungle/

All the information used in this episode was retrieved directly from BCB's website: https://www.bcb.gov.br/