Nubank (NYSE: NU) announces the launch of tap-to-pay Pix, a new feature that integrates NFC technology into the app to simplify in-person payments.
The solution reportedly offers customers an “agile way to use Pix, eliminating the need to scan QR codes.”
To use it, clients would need to have a Pix key registered with Nubank.
Starting now, the new feature will be “gradually rolled out to individual customers with Android systems.”
With Nubank’s tap-to-pay Pix, users will be “able to make payments on any enabled point-of-sale (POS) terminal, choosing between paying with their available account balance or credit, in up to 12 installments.”
For convenience, Nubank offers the option to “create a shortcut for tap-to-pay Pix directly on your phone’s home screen.”
Clients access the “Pix” or “Pay” section in the app, select “tap-to-pay Pix,” and click the “Settings” icon to add the shortcut.
The payment experience is described as being simple and fast: with the Nubank app (or the “Tap-to-Pay Pix” shortcut) open, “bring your phone close to the POS terminal.”
The payment screen appears “automatically, and confirmation is done via biometrics or a four-digit password, ensuring transaction security.”
Nubank’s tap-to-pay Pix inherits the security standards “implemented in Pix and throughout the Nubank ecosystem, including customizable ‘Street Mode’ limits and transactional limits within the Pix Area.”
To make a tap-to-pay Pix with Nubank, users would need to:
- Check NFC: Ensure your Android phone has NFC technology and that it is enabled in your device’s settings.
- Tap and Pay: With the “Pix” option selected on the POS terminal, open the Nubank app (or the “Tap-to-Pay Pix” shortcut) and bring your phone close.
- Choose Payment Method: Select whether to pay with your account balance or use your credit card limit.
- Pay in Installments (if desired): If you choose credit, select the desired number of installments and view the total purchase amount, including interest rates and IOF tax, when applicable. Payments with account balance have no additional fees.
- Confirm Transaction: Use your password or biometrics to finalize the payment.
Tap-to-pay Pix joins other features offered by Nubank to “optimize the use of this payment method.”
Within the app, customers can already use Pix audio or message, which uses AI to “speed up processing, promoting savings of up to 60% in transaction time.”
To access the feature, clients would need to enter the Pix area, click on the purple bar at the top of the screen, and follow the instructions.
With it, clients can send a Pix “using audio or a short message.”
The solution reportedly has fraud prevention technology and “will require the user’s four-digit security PIN.”