PIX
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.
Bank Transfer
Upon purchase, funds are directly debited from the consumer’s bank account.
Brazil
Merchant
At checkout, the consumer selects Pix as their payment method.
Payment method
Consumer opens their banking app and selects Pix. They can scan the QRcode or copy the EMV code displayed by the merchant.
Online bank
The consumer reviews the transaction details and confirms the payment.
Merchant
Payment confirmed.
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