Advertisements
Automatic PIX, a long-awaited innovation in the Brazilian payment system, is about to become a reality. Announced by the Central Bank, this new feature promises to transform the way we deal with recurring payments, offering a practical and efficient solution. Imagine having your utility bills, school fees and loan installments paid automatically, without the need for reminders or manual actions.
This convenience, which seems like something from the distant future, will be available from October 2024, marking a significant advance in personal financial management and financial inclusion in Brazil. In this way, PIX Automático is an extension of the PIX system, which has already revolutionized transfers and payments in the country.
See More: Changes to the BRB credit card. Understand
Advertisements
Greater accessibility and convenience for all
The implementation of Automatic PIX represents an important step towards inclusion financial in Brazil. With it, companies can make a single agreement with a bank to offer automatic payments via PIX, making the service accessible to customers of financial institutions of all sizes. This means that more people will be able to enjoy the convenience of having their bills paid automatically, eliminating the worries of due dates or manual monthly transactions. This advancement is especially relevant in a country like Brazil, where many still have limited access to banking services.
Automatic PIX: Free for individuals
Another highlight of PIX Automático is its affordability in terms of costs. For individual consumers, the service will be offered free of charge, representing significant savings compared to the fees charged by some banks for automatic debit. Therefore, for companies, there will be the possibility of negotiating fees directly with banks, creating a competitive environment that can result in better conditions for everyone involved.
Advertisements
How will it work in practice?
Using Automatic PIX will be intuitive and user-friendly. The process begins when the customer indicates to the company that they are interested in making payments through this method. The company then sends an automatic payment proposal, which must be authorized by the customer. Once authorized, payments will occur automatically, without the need for monthly interventions. This method represents an advance in convenience and efficiency, reducing the chance of late or forgotten bill payments.
Expanding the possibilities
In addition to Automatic PIX, the Central Bank will also introduce Scheduled Recurring, focused on personal transactions such as allowances, donations, rent and recurring services between individuals. Furthermore, unlike Automatic, intended for payments to companies, Scheduled Recurring Pix expands the possibilities of using the system, covering a wider variety of everyday financial transactions.
The launch of PIX Automático is more than just an addition to the payments system; it is a milestone in Brazil’s journey towards a more integrated and accessible digital economy. Therefore, as we approach October 2024, it is essential that we prepare ourselves for this new era of digital payments, which promises to bring more convenience and security to our financial lives. Are you ready for this new ease in managing your finances?
