Pix may integrate with the European instant payment system after progress in negotiations
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Olhar Digital
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Pix may integrate with the European instant payment system after progress in negotiations

Pix shows greater proximity to connecting with the European instant payment system. The integration project with the TARGET Instant Payment Settlement (TIPS), which is an infrastructure of the European Central Bank (ECB), has progressed from the pre-investigation phase to the investigation stage. This transition suggests that initial studies did not identify critical barriers to the continuation of the initiative.

This news was disclosed in a document presented during a meeting of the TIPS Consultative Group, a group linked to the ECB responsible for debating improvements and tests on the platform. The meeting took place on October 20. According to the European Central Bank, the pre-investigation, conducted in September, analyzed operational, legal, and technical aspects, as well as the commercial viability of a potential link between the systems, without finding crucial impediments.

The new study phase aims to deepen the analysis to determine if the interconnection is economically and technically feasible, although there is still no established deadline for its completion. Sources close to the negotiations indicate, as reported by Broadcast, that the complete pilot project should be ready by the end of 2027.

In the same week the document was presented, Gilneu Vivan, Director of Regulation and Financial System Organization at the Brazilian Central Bank, visited Frankfurt, Germany, to discuss potential integration with ECB representatives. Thiago Cavalcanti, president of the National Association of Auditors of the Brazilian Central Bank (ANBCB), explained to Folha de S.Paulo that this possibility implies costs that must be transparent to the consumer, and the exchange rate will be a key factor for the service's competitiveness.

In addition to in-store transactions, the Brazilian Central Bank informed that the connection between instant payment infrastructures can also speed up international remittances, allowing funds to be credited in local currency in a few seconds.

TARGET Instant Payment Settlement (TIPS) is an Eurosystem infrastructure designed to process real-time payments, functioning similarly to Pix in Brazil. The platform allows partner financial institutions to offer continuous transfers, 24 hours a day, every day of the year, with final and irrevocable settlement directly in central bank currency. Currently, TIPS operates with euros, Swedish kronor, and Danish kroner, and already supports operations between these currencies, such as allowing a Swedish buyer to use their local currency in a Eurozone country, a feature available since October 2025.

The potential integration with Pix is part of a broader ECB strategy to link its infrastructure to instant payment systems in other regions, including interconnection projects with India and Switzerland, in addition to participation in the international Nexus network. Despite this advance, there are still important phases before any implementation.

Information obtained by Folha in September revealed that nine sectors of the Brazilian Central Bank were mobilized to define governance guidelines and verify compatibility between the platforms. The studies also need to consider expected demand, potential transaction volumes, the sustainability of the operating model, and implementation costs.

At that time, preliminary estimates from technicians indicated that the integration corridor could be technically operational in November 2027, with a pilot project scheduled for June 2028; however, these schedules depend on future evaluations and approvals from both central banks. The connection also represents an advance in the internationalization of Pix, which currently has international transaction initiatives through agreements between financial institutions in countries such as Argentina, the United States, and Portugal. However, the proposal with TIPS focuses on creating a direct link between the payment infrastructures, expanding global operation options.

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Eldor Aripov: Strategic autonomy of Central Asia must ensure expanded partner choice, not a dilemma
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gazeta.uz

Eldor Aripov: Strategic autonomy of Central Asia must ensure expanded partner choice, not a dilemma

Eldor Aripov, Director of the Institute of Strategic and Interregional Studies at the President of Uzbekistan, stated that the concept of Central Asia's strategic autonomy should not imply the need to choose between external partners, but rather should increase the region's spectrum of opportunities.

Speaking at the first Forum of Analytical Centers 'Central Asia — European Union' in Brussels, Aripov noted that Central Asia is no longer viewed solely through the prism of Russian, Chinese, or Afghan influence, gaining its own strategic significance. At the same time, closer ties with the European Union should contribute to expanding the region's access to investments, technologies, markets, and transport routes, rather than imposing a choice between external players.

Central Asia gains strategic importance on its own merits

Previously, international interest in Central Asia largely depended on its proximity to Russia and China or its role in the context of Afghanistan. However, changes are now evident: Central Asia's economy demonstrates annual growth exceeding 6%, which is roughly double the global average. By 2050, the region's population is projected to reach 100 million people.

Furthermore, the region is strengthening its position as an important transport hub amid problems with traditional maritime, Middle Eastern, and northern routes. Central Asia also possesses large reserves of resources vital for modern technology and industry. Aripov specifically highlighted the strengthening of internal connectivity among the region's countries, as they increasingly put forward a common agenda when interacting with external partners. More than ten 'Central Asia plus' formats already exist, leading to the development of common infrastructure and deepening economic interdependence.

According to Aripov, the region is transforming from a collection of five separate national markets into a more integrated economic space, making it a more reliable and attractive partner for the global community and Europe.

Principles of Partnership with the EU

Aripov believes that cooperation between Central Asia and the EU should be based on three key principles. The first is complementarity, meaning that interaction with Europe should not be seen as replacing the region's existing relations with other partners. He emphasized that the goal is to add new opportunities, not replace old ones, stressing that strategic autonomy should mean 'more choice.'

The importance of cooperation with the EU lies in increasing the number of markets, routes, sources of investment, and technologies for Central Asian countries. At the same time, the new partnership should not lead to replacing one form of dependence with another. The second principle is resilience to external shocks, which for Central Asia means the ability to maintain development pace and independence even in an unstable world. An example could be cooperation with the EU in renewable energy, reducing dependence on fossil fuels, as well as creating legal opportunities for Central Asian citizens to find employment in European states, which will help diversify migration flows.

The third principle is long-term commitment. Although the geopolitical situation has increased Europe's interest in the region, Aripov insists that rapprochement should continue regardless of the factors that initially accelerated it. He noted that truly strategic partnership must have value independent of current political trends, requiring projects designed for decades, not just the next political cycle.

Key Areas of Cooperation

One of the most important aspects mentioned by Aripov is the formation of joint value chains. In light of the growing interest of the EU in Central Asia's critical minerals, cooperation should not be limited to a model of raw material export followed by processing in Europe. Deeper cooperation is necessary, covering geological exploration, environmentally responsible extraction, production, research, and human resource training.

The goal of this interaction should be to unite Central Asia's industrial development with Europe's economic security. Simultaneously, there is a need to simplify the entry of Central Asian products into the European market by supporting certification, compliance with technical standards, and enhancing the competitiveness of local businesses.

Water and climate issues are also highly significant. Since rising temperatures, glacier melt, and stress on water resources are already affecting agriculture and energy, the EU can provide expertise, financial tools, and technologies for implementing water-saving methods and modernizing irrigation. In the transport sector, the EU has included the Trans-Caspian Transport Corridor in its Global Gateway priorities, but Aripov stressed that the effectiveness of these projects is determined not only by the length of the routes or the volume of cargo, but by how quickly, cheaply, and predictably companies can move goods.

Achieving this efficiency requires improving border and customs procedures, digital system compatibility, and better coordination of transport infrastructure. Furthermore, cooperation must address human capital. Aripov reminded that management and infrastructure development skills take much longer to develop than building the objects themselves. Next steps could include joint educational programs, research centers, and professional training, including in AI and digital technologies.

Labor mobility is also important. Given the labor shortage in some European sectors and the availability of labor resources in Central Asia, the parties can develop cooperation in recognizing qualifications, language training, and creating legal employment channels.

Afghanistan and Regional Stability

Addressing the future of Central Asia, Aripov specifically highlighted Afghanistan, stating that it is impossible to seriously discuss the long-term development and transport connectivity of the region while ignoring Afghanistan. For the countries of the region, the situation in Afghanistan is not an abstract security threat but a direct problem that directly affects the economic prospects of the entire Central Asian space.

Therefore, Uzbekistan, according to Aripov, consistently promotes an approach that combines security issues with economic development, education, and the creation of practical opportunities for the residents of Afghanistan. Achieving long-term stability, he said, is not possible through isolation but requires closer economic ties with neighboring states.

What are the next steps?

The main criterion for evaluating the new stage of relations between Central Asia and the EU will be the transition from declarations to real practical implementation. Aripov emphasized that Central Asia and the European Union have sufficient strategies and political plans, but the decisive factor now is their realization.

For Central Asia, cooperation with the EU must expand its opportunities without limiting ties with other partners. In turn, for the EU, the result of the interaction should be a more stable and economically strong Central Asia capable of independently realizing its priorities. If the cooperation yields tangible results in the fields of trade, transport, education, and human capital, the strategic nature of the relationship will be evident in practice, not just in documents.

Startup Pixxel established a federal US subsidiary to expand work with US government agencies
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yourstory.com

Startup Pixxel established a federal US subsidiary to expand work with US government agencies

Bengaluru-based spacetech startup Pixxel has established Pixxel Federal, a subsidiary in the United States. The goal of this move is to expand the company's cooperation with American civilian, defense, and intelligence agencies.

This step reflects the growing significance of privately operated satellites in government operations. These operations cover a wide range of tasks: from environmental monitoring and resource mapping to ensuring national security.

Furthermore, the creation of a subsidiary signals Pixxel's ambition to go beyond simply providing specialized satellite imagery. The company plans to offer more comprehensive solutions, including software, satellite systems, and various sensing technologies.

The new subsidiary will build upon Pixxel's existing interactions with the National Aeronautics and Space Administration (NASA) and the National Reconnaissance Office (NRO).

Pixxel's founder and CEO, Avais Ahmed, noted that the US government market represents a significant opportunity for Pixxel. He added that by expanding its capabilities beyond hyperspectral imaging into advanced sensing technologies, software, and satellite systems, the new structure will allow the company to interact more closely with federal agencies, better understand their missions, and provide custom-tailored solutions.

A key part of the company's offering is hyperspectral imaging. This technology captures reflected light across hundreds of narrow bands of wavelengths, including those outside the visible spectrum. Since different materials absorb and reflect light differently, they create recognizable patterns known as spectral signatures. These signatures can help distinguish minerals, vegetation, and other substances in ways inaccessible to traditional satellite imagery.

The application of this technology is demonstrated by the U.S. Geological Survey, which uses hyperspectral surveys to identify minerals, soils, and vegetation, highlighting the technology's potential in environmental research and resource exploration.

Pixxel sees applications in defense and intelligence, including camouflage detection, terrain assessment, and target identification. Other potential areas of use include searching for rare earth elements and critical minerals, crop monitoring, and tracking environmental changes.

Allison Jenkins, who previously led Pixxel's business in the public sector, has been appointed CEO of Pixxel Federal. The subsidiary's board of directors includes retired US Army Lieutenant General Ray Palumbo, former Northrop Grumman executive Patrick M. Antkovic, and former senior intelligence official Frank K. Avila.

The company also plans to open an office in the Washington, D.C. metropolitan area. The company's government relations have been developing over the past two years. In September 2024, Pixxel was included in NASA's Commercial Small Satellite Data Acquisition Program, a multi-provider agreement allowing the agency to procure commercial Earth observation data.

In May 2026, the NRO included Pixxel, alongside EarthDaily and ICEYE, in its strategic expansion initiative for commercial capabilities to increase access to commercial sensing opportunities.

The broader industry is moving in the same direction. US policy has long encouraged government agencies to utilize commercial remote sensing capabilities when appropriate, while maintaining national security guarantees. Recently, the U.S. Department of Defense and Space Force developed strategies for integrating commercial space services into national security operations.

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