The Latin American Payment Blog

Insights from the payments industry in Latin America, consumer trends and more

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a new payment system called PIX, intended to replace not only bank transfers and debit card payments, but also the outdated and current de facto standard form of payment: boleto bancário.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.