Pix is an innovative tool within the Brazilian market. According to data from the Brazilian Federation of Banks (Febraban), in the last two years, this was the most used payment method among consumers.
The popularization of this billing method led to the development of new rules and tools , aiming to guarantee security and agility in transactions.
To help you understand all the procedures involved in Pix transactions, we have produced this complete and educational manual . If you are interested in learning more about this payment method, continue reading!
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1. What is Pix?
Pix is an instant payment system , responsible for poland whatsapp number data financial transfers immediately . Currently, this method has stood out as one of the most accessible payment options in Brazil.
According to a survey carried out by the digital account Asaas , in 2022, Pix was used to pay 27 million invoices issued by its system. In 2023, this number reached 114 million, indicating an increase of 314.82% in the use of Pix in one year .
2. What is Pix for?
Pix is a system used to pay bills, business clubs of russia payments , and even make donations . Through it, it is possible to make financial transfers immediately, using just a financial application.
This payment method can be used for in-person sales and online commerce. It generally has lower collection rates than other methods , as agreed with your financial institution.
At Asaas , for example, you don’t pay per invoice, but rather per receipt. In other words, you can create unlimited charges with Pix, paying the fee only if your customer pays that invoice.
3. Who created Pix?
Pix was in 2020 by the Central Bank of Brazil (Bacen). Which is the body responsible for guaranteeing the country’s economic stability.
This new instant payment system was uae cell number to improve the technology involved in transactions , bringing greater speed and security to the market.
Before Pix, transactions took a business day (or more) to complete. Today, in just a few seconds, you can make a transaction via Pix from the palm of your hand, anywhere, anytime.
4. How was Pix create?
The Central Bank began developing the Pix system in 2018. The objective was to take advantage of technological evolution to improve financial tools , adding more efficiency and practicality to transactions.
After several studies based on instant payment systems installe in other countries, Pix was to meet the needs of the Brazilian market.