PIX payments are taking Brazil by storm
PIX payments are taking Brazil by storm Brazil’s new instant bank transfer system called PIX is Brazil’s new infrastructure for instant payments. Announced on February 19th, 2020 by the Central Bank of Brazil (BCB). It’s likely to replace not only TED and DOC bank transfers, but also eat significantly into the market share of debit […]
PIX – Why Brazil’s new payment system will replace boleto
The Central Bank of Brazil (BCB) announced a new payment system called PIX, intended to replace not only bank transfers and debit card payments, but also the outdated and current de facto standard form of payment: boleto bancário. PIX is set to become the new default infrastructure for companies and individuals in Brazil to transfer money and pay for goods and services.