Pix

Brazil’s instant payment system revolutionizing digital commerce

Overview

Pix is Brazil’s real-time payment system developed and operated by the Central Bank of Brazil (Banco Central do Brasil). Launched in 2020, Pix has rapidly become one of the most popular payment methods in the country, enabling instant money transfers between individuals, merchants, and government entities 24/7. It supports payments via QR codes, phone numbers, email addresses, or random unique keys, providing a fast, low-cost, and inclusive alternative to traditional card and bank transfers.

Pix has redefined Brazil’s payment ecosystem by improving financial inclusion, reducing cash usage, and creating opportunities for digital commerce across all sectors

Key Services / Solutions

Pix supports instant peer-to-peer and merchant payments, bill settlements, e-commerce checkouts, and government disbursements. Its infrastructure facilitates:

Real-time transactions processed within seconds

Merchant payments through static or dynamic QR codes

Seamless integration with digital wallets and mobile apps

Expanding use cases such as recurring payments and refunds

Supported Payment Methods

Pix works as a payment infrastructure connecting bank accounts, digital wallets, and fintech platforms.

It’s accepted by most major banks and fintechs, including Nubank, PagSeguro, Mercado Pago, and PicPay, as well as global providers like Adyen, Rapyd, and Worldpay

Target Markets / Regions

Pix is currently exclusive to Brazil, but its success has made it a model for other countries developing similar instant payment frameworks. With more than 150 million users, Pix has become an essential part of Brazil’s digital economy and continues to expand into new areas such as cross-border payments and microtransactions

Strengths / Differentiators

Instant transactions available 24/7, including weekends and holidays

No transaction fees for consumers and low costs for merchants

Universal accessibility across banks and fintechs

Government-backed and regulated by the Central Bank of Brazil

Strong adoption driving financial inclusion and cashless commerce

Want to know more about Pix?
Contact Bizz2Pay today to discuss your requirements or get introduced to the right payment Payment Provider accepting Pix