You payments via Pix closed 2022 reaching the incredible mark of 24 billion transactions carried out, an average of 66 million daily transactions.
As a result, Pix has become the most popular payment method in Brazil.
PIX is a Brazilian instant payment system created by the Central Bank of Brazil in November 2020.
With it, people can make electronic money transfers in real time, 24 hours a day, 7 days a week, including weekends and holidays.
PIX is a different option from traditional payment methods, such as DOC, TED and boletos, and offers some advantages.
For example, you can complete transactions in seconds, without having to provide information such as branch and bank account number.
Instead, transactions are carried out by scanning a QR Code or entering a numeric code.
Furthermore, PIX is free for individuals, which means there are no additional costs to carry out transactions.
On the other hand, there may be charges for transactions carried out for companies.
PIX is a safe way to carry out financial transactions, as it uses encryption technology to protect user data.
The Central Bank regulated Pix, which guarantees its security and efficiency.
How does Pix work?
PIX is an instant payment system that works through the electronic transfer of money between bank accounts.
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You can make payments via Pix for both physical and legal transactions that have a bank account registered with PIX.
To use PIX, you must have a PIX key, which can be a CPF, CNPJ, cell phone number, email or random key.
The PIX key is used to identify the user's account, that is, it is through it that you carry out transactions.
To make a payment or transfer via PIX, you just need to provide the PIX key of the person or company that will receive the money.
You can do this by reading a QR Code or manually entering the PIX key.
As for PIX fees, for individuals, most banks do not charge a fee for using the system. For companies, the cost may vary, depending on the bank and the number of transactions carried out.
However, the Central Bank of Brazil has established a maximum ceiling for PIX fees, which is 0.8% of the transaction value for legal entities.
It is important to remember that, although PIX transactions are free for individuals at most banks, fees may still apply to other financial transactions.
For example, ATM withdrawals or issuing payment slips.
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