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 OR 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 | Acquiring region | SG，AU，HK, BR |
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 | ✔️ |
Maximum payment amount | Unlimited | Refund period | 90 days |
User experience
The following screenshots show the journey of paying with Pix:
Figure 1. Payment process with Pix