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The PIX instant payment system, widely adopted in Brazil, is about to undergo a significant transformation in October this year. This change, which has been under development since 2021, promises to bring greater convenience and efficiency to users. In this article, we will explore what changes with the introduction of the new PIX feature and how this may impact your daily life.
The Central Bank of Brazil, responsible for managing PIX, announced that the new feature aims to facilitate recurring payments automatically. This innovation is comparable to direct debit, but with the advantage of not involving the fees usually associated with credit cards. Let’s dive into the details and better understand what’s coming.
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What is Automatic PIX and how does it work?
PIX Automatic represents a significant advancement in the instant payment system. With this new feature, users will be able to pre-authorize recurring transactions, eliminating the need for authentication for each transfer. This means greater convenience and less time spent on routine banking operations. Companies that require recurring payments, such as service providers, schools, and subscription services, will likely widely adopt this method.
Implementation and impacts of this payment method
The implementation of PIX Automático is scheduled for October 2024, following a period of development and testing that began in 2021. Therefore, to use the service, customers will enter into a contract with the service provider, indicating their intention to make payments via PIX. Authorization may be completed by scanning a QR Code or using the “Pix Copia e Cola” function.
It is important to highlight that Automatic PIX will be free of charge for payers, while companies that choose to receive payments through this system will be charged fees. In addition, users will have the option to set a limit for the amount of the installments debited, offering greater control over their finances.
Automatic PIX is a natural evolution of the instant payment system, bringing greater efficiency and convenience to users. With its implementation, greater adoption and satisfaction are expected from both consumers and companies, further consolidating
