Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

Pix

Founded in 2020 by the Central Bank of Brazil, Pix is a new instant bank transfer payment method in Brazil. The payment method covers Brazilian banks, digital accounts, and wallets. Users can scan the dynamic QR code or copy and paste the QR code data to make a payment.

Properties

The properties of the Pix payment method are shown in the following table:

Payment type

Bank transfer

Acquirer

AlipaySG, AlipayBR, AlipayUS

Acquiring region

SG, AU, HK, BR, US

Payment flow

Redirect

Checkout Payment

✔️

Buyer country/region

Brazil

Auto Debit

Funds deduction

Real-time

Refund

✔️

Processing currency

BRL

Partial refund

✔️

Minimum payment amount

1 BRL

Chargeback/Dispute

Maximum payment amount

Unlimited

Refund period

90 days

User experience

The following screenshots show the journey of paying with Pix:

image

Figure 1. Payment process with Pix

  1. Checkout on the merchant cashier page.
  2. Redirect to the Alipay information collection page and obtain the payment code.
  3. Enter the Pix payment code on the bank or wallet app page.
  4. Confirm the payment information.
  5. Get the payment result.
  6. See the payment result on the merchant result page.