Tagged: pix

Brazil’s Digital Banking Platform Nubank Leverages AI to Scale Pix Operations

Nubank (NYSE: NU) is expanding Pix using generative artificial intelligence, both on its app and via WhatsApp. More customers can transfer money by giving commands using audio, text, and image messages, “ensuring convenience, speed, alongside a smoother experience and safety.” Pix with AI in the… Read More

Banco Central do Brasil (BCB) Introduces Security Rules for Pix Transactions to Reduce Scams

The Central Bank of Brazil (BCB) noted in an update that Pix now has security rules that apply for registering new devices. As mentioned in the update from BCB, cellphones, computers, and tablets being used in Brazil must now be registered with the bank to… Read More

Contactless Payments: Banco do Brasil and Payment Terminal Operator Cielo are Offering “Pix por aproximação” to Select Group of Clients

Banco do Brasil (BB) and payment terminal operator Cielo are reportedly providing “Pix por aproximação” to a select group of the bank’s clients These clients can make purchases by bringing their smartphones close to the payment terminal at participating retail outlets. For the time-being, this… Read More

Brazil: EBANX Predicts its Payments System Pix Will Top Credit Cards for Online Purchases in 2025

Payments platform EBANX is predicting its Pix service will top credit cards for online purchases in Brazil by 2025. According to a company statement, by 2025 Pix will account for 44% of all value transacted in online purchases in Brazil, Credit/Debit cards will are expected… Read More

PayPal Ventures Leads Fintech Firm Ume’s $15M Series A Round

Ume, a payment network and merchant services platform for small- and mid-sized businesses (SMBs) on Pix, has announced it has raised $15 million in Series A equity funding. The investment round was led by PayPal Ventures, “with participation from NFX, Globo Ventures, Clocktower Ventures, Big… Read More

FastSpring, EBANX, Welcome Pix-based Partnership

This past week, FastSpring, a merchant of record for global SaaS and software companies, and EBANX, a global technology company specializing in payments for rising markets, announced a partnership to enhance users’ payment experience within FastSpring’s product suite in Latin America through local payment method Pix. Pix, Brazil’s instant payment… Read More

Brazil’s Central Bank Introduces Features to Identify Fraud Attempts Using Pix Aliases

Banco Central Do Brasil (BCB), the central bank of Brazil, recently announced that it launched a new report on Pix aliases. Registrato users now reportedly “have access to the complete history of their Pix aliases, even those previously disabled.” Starting Tuesday (April 2), Pix users… Read More

Brazil’s Central Bank Releases Guidelines for Pix Automático Product to Enhance Recurring Payments

Banco Central do Brasil has released operational guidelines for the Pix Automático product. Pix Automático will be available to the population in October 2024. The new feature is designed “to streamline recurring payments, including monthly service fees.” The launch of Pix Automático is drawing near…. Read More

Instant Payments, Credit Card Transactions in Brazil Surge as Pix Continues to Gain Market Share

Matera, maker of instant payments, QR code and digital ledger technology, recently released its mid-year report on the adoption of Brazil’s Pix instant payments scheme. The latest Pix by the Numbers report “covers data through Q2 2023, and shows that there are more Pix transactions… Read More

Fintech EBANX Authorized by Central Bank of Brazil as Payment Initiator for Pix

EBANX, a fintech company that specializes in international payments in rising markets, has been authorized by the Central Bank of Brazil (Bacen) “to offer a payment initiator service through Pix.” The PISP (Payment Initiation Service Provider) license “expands the range of services the global payments… Read More

LatAm Fintech Volt Reveals that Pix Launch Allowed Clients to Access Major Latin American Markets

Volt, the open payments gateway, has reportedly appointed Nathan Marion as General Manager LATAM, in order to lead its strategic expansion in Latin America (LatAm). This follows the Fintech firm’s integration of Brazil’s instant payments system, Pix. Marion joins from e-commerce platform VTEX. There, in… Read More

Open Banking Could Become a Key Part of Brazilian Consumers’ Financial Lives: Report

Open Banking in Brazil marked its first anniversary on February 1, 2022 – and the South American nation is looking set to strengthen its position as a (maybe unlikely) open banking pioneer. The Brazilian reserve bank’s phased approach is considered to be a success, through… Read More

Digital Payments Fintech SafetyPay Adds PIX as Payment Method in Brazil

SafetyPay, a digital alternative payments platform offering solutions across Latin America (LatAm) and European markets, has announced the implementation of PIX as a payment method in Brazil, in order to support instant payments with QR codes. SafetyPay aims to facilitate the transfer of funds and… Read More

Brazil’s Reserve Bank to Again Allow Facebook Owned WhatsApp to Offer P2P Payments

Brazil’s reserve bank will again allow Facebook-owned WhatsApp to offer peer-to-peer payments services in the South American country. The decision to permit WhatsApp to again facilitate transactions in Brazil has come nine months after the service had been suspended. In June of last year, Brazil… Read More

Brazil’s Reserve Bank Launches its PIX Instant Payments Platform, Might Allow WhatsApp P2P Payments Soon

Brazil’s reserve bank has launched its PIX instant payments platform and has also noted that WhatsApp might soon be allowed to reintroduce its peer to peer (P2P) payments service in the South American country. PIX allows local residents, companies, and government agencies to carry out… Read More

Central Bank of Brazil to Introduce Instant Payments Platform PIX in November 2020

Banco Central de Brazil, the nation’s reserve bank, is planning to introduce an instant payments solution, PIX, in November 2020.  The Brazilian central bank noted on February 19 that the new instant payments platform will allow users to perform transactions using QR code technology. It… Read More

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