In September, Brazil’s Central Bank is set to introduce a groundbreaking enhancement to its popular instant payment system, Pix. Dubbed Pix Parcelado, the new feature will allow users to pay for transactions in installments. This innovative approach is expected to transform how large purchases are made in the retail space, especially for those who do not have access to conventional credit facilities.

Zara, the renowned fast-fashion retailer owned by Inditex, has taken a significant step in its global development strategy by opening a new-format flagship store in Nanjing. This innovative format is designed to enhance customer experience and strengthen the brand's position in the Asian market.