PIX
Pix, a Brazilian bank-transfer payment method, was created in 2020 by the Central Bank of Brazil (Bacen).
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 QR code or copy the EMV code displayed by the merchant.
Online bank
The consumer reviews the transaction details and confirms the payment.
Merchant
Payment confirmed.
Blog
Growing Your Business Globally: How Alternative Payments Helps You Succeed in International Markets
Growing Your Business Globally: How Alternative Payments Helps You Succeed in International Markets
Flexible Payment Solutions: How Alternative Payments Supports Your Business Growth
Flexible Payment Solutions: How Alternative Payments Supports Your Business Growth
.png)
Just Days Until Thanksgiving and Black Friday: Are You Ready to Maximize Your Sales?
Just Days Until Thanksgiving and Black Friday: Are You Ready to Maximize Your Sales?
%20Small.png)
Are You Really Ready for Black Friday Sales? How Open Banking Can Maximize Success and Minimize Payment Returns
Are You Really Ready for Black Friday Sales? How Open Banking Can Maximize Success and Minimize Payment Returns
.png)
How Online Merchants Should Prepare for Black Friday, Cyber Monday, and Cyber Week – The Key Role of Local EU Payment Methods
How Online Merchants Should Prepare for Black Friday, Cyber Monday, and Cyber Week – The Key Role of Local EU Payment Methods
Stay Ahead of the Competition
How Early Deals and Previews Can Boost Sales and Customer Engagement Before Black Friday and Cyber Week
Customer Retention
The Key to Long-Term Success and How Alternative Payments Can Help You Achieve It
DPMax vs. Card Payments
Why Open Banking with 2000Charge is the Future of Payments
Most Popular Alternative Payment Methods
Unlocking the European Market: The Most Popular Alternative Payment Methods and Why Merchants Should Integrate Them European consumers are demanding a variety of payment options
Local Payment Options
The Future of E-Commerce: Why Local Payment Options and Open Banking with DPMax.io Are Game Changers for Your Business One thing is clear
Impact of Card Declines
How Pay by Bank Can Reverse the Impact of Card Declines and Recover Lost Revenue Every transaction counts. But what happens when a customer’s card
Strengthening customer loyalty
Strengthening Customer Loyalty: How to Reward Your Customers and Optimize the Experience with Alternative Payments
European Consumer
Understanding the European Consumer: Why Trust and Security Are Critical in Payment Methods As e-commerce continues to grow at a rapid pace across Europe
Enhanced checkout process
Streamlining E-commerce Transactions: Tips for Faster Checkout Processes
Ready to increase your revenue
with local payment methods?
Worldwide, allow customers to use familiar local payment methods they trust—not just credit cards.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.