Brazilian bank-transfer payment method
Pix, a Brazilian bank-transfer payment method, was created in
2020 by the Central Bank of Brazil (Bacen). Described as
revolutionary, it enables any citizen with a deposit, savings,
or prepaid payment account to make payments and transfers in a
few seconds, at any time, 365 days a year.
Developed by the Central Bank of Brazil, PIX revolutionizes
online payments in the country. With its robust infrastructure
and widespread adoption, PIX has rapidly become the preferred
choice for digital transactions across Brazil.
This real-time payment system operates 24/7, enabling users to
transfer funds instantly. By the end of February 2022, 15
months from launch, 67% of Brazilians had either made or
received a Pix transaction worth approximately US$ 1.2
trillion. PIX offers unparalleled convenience, security, and
efficiency in the realm of online payments.
Product Description
Bank Transfer
Product Process
Upon purchase, funds are directly debited from the consumer's bank account.
Countries Supported
Brazil