PIX

Pix is a revolutionary bank-transfer payment method introduced by the Central Bank of Brazil in 2020. It allows anyone with a deposit, savings, or prepaid payment account to make instant payments and transfers, available 24/7, 365 days a year. Participation is mandatory for 750 institutions, encompassing over 500,000 active customer accounts.

PIX is Brazil’s fast and secure instant payment system, offering direct bank-to-bank transfers with no intermediaries for both pay-ins and payouts. With increasing regulatory restrictions in LATAM, now is the perfect time to partner with us to stay competitive in the Brazilian market. Our solution boasts a remarkable 97% approval rate, ensuring smooth and efficient transactions, along with real-time KYC validation to ensure secure payments. Settlements with PIX are executed in USDT, similar to BLIK, providing added flexibility and security for your business.

Payment method: Bank Transfer

Consumer countries: Brazil

Supported currencies: BRL

Why PIX

With all these features, today (data from March 2024), Pix is used by around 153 million Brazilians (around 75% of the population), demonstrating its widespread popularity.

By the end of 2022, Pix was processing nearly three billion payments per month, with e-commerce making up 22% of all transactions (Central Bank of Brazil).

Within six months of launch, 83% of Brazilians preferred Pix over DOC and TED transfers, while 67% wanted to use it for retail payments (C6 Bank/Ipec).