What is PIX?

  1. Pix is the Brazilian instant payment system. It is a payment method created by the Central Bank of Brazil (BC) where funds are transferred between accounts in a matter of seconds, at any time or day. It is practical, fast, and secure. Pix can be executed from a checking account, savings account, or prepaid payment account.

  2. In addition to increasing the speed at which payments or transfers are made and received, Pix has the potential to:

  • Advantages:

  • ✅ Boost market competitiveness and efficiency

  • ✅ Reduce costs, increase security, and enhance customer experience;

  • ✅ Encourage the "electronification" of the retail payment market.

  • ✅ No fees

  • ✅ Fast (almost instant)

  • ✅ Available 24/7

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