Brazil’s Pix to Start Enabling Installment Payments in September

Brazil’s Pix to Start Enabling Installment Payments in September

Brazil’s instant payment system, Pix, will reportedly allow users to pay for transactions in installments, beginning in September. The new feature, Pix Parcelado, will be available to both consumers and businesses, Reuters reported Thursday (April 3), citing Brazil’s central bank. While payers will have the option to pay over time, payees will receive the full payment immediately, according to the report. “The feature has the potential to boost …

In just three years Brazil's extremely popular Pix payment system has become the country's most popular payment method. It replaces cash and remittances in many cases and now threatens the dominance of credit cards in the booming e-commerce sector. The Brazilian Central Bank announced on Thursday (3rd) that a new feature that allows users to make transactions in installments above their [...] The post Brazil: Central Bank performs Pix rate payme…

Probable dates for new features The post BC: Pix installments should be launched in September appeared first on Monitor Mercantil.

Brazil To Launch Pix Installments In September, Challenging Credit Cards - FinanceFeeds

Brazil’s central bank will introduce a new installment payment feature for its instant payment system Pix in September as it seeks to expand access to higher-value transactions and challenge the dominance of credit cards. In a statement Thursday, the central bank said the feature — dubbed Pix Parcelado — will allow users to split payments over time while merchants receive the full amount instantly. It’s expected to boost retail usage, particular…

The idea is to allow the payer to take credit to settle a Pix transaction in installments, including transfers

The Central Bank announced probable dates for new features