What is Pix? How Brazil moved to instant payments
By SendPay Business · · 2 min read
- 1Pick who to pay and type the amount
- 2Tap send and it is on its way
- 3It lands in their account
Pix is Brazil's instant payment system, created and run by the Central Bank of Brazil. Since its launch in November 2020 it has become one of the most common ways to pay in the country, for everything from splitting a bill to buying online.
How it works
- Register a Pix key with your bank: a tax number (CPF or CNPJ), phone number, email or a random key.
- To pay, enter the other person's key or scan a Pix QR code.
- The money arrives in seconds, 24 hours a day, every day of the year.
Why it spread so fast
Pix is free for individuals, works across all participating banks and apps, and is quicker than older options such as bank transfers or boletos. Many small businesses now take Pix instead of cards because it can cost them less.
Try it
Name your platform and watch it come to life
Type a name, tap a colour and pick what it does. The phone changes as you go.
Colour
What it does
Design and preview your whole platform free, then launch when you are ready.
What it means for businesses
Anyone selling to customers in Brazil should expect many of them to want to pay by Pix. The same pattern is showing up elsewhere, as fast account-to-account payments compete with cards.
Where SendPay fits
SendPay platforms include accounts, transfers and payment links under your own brand, powered by licensed partners. You can preview your platform before you launch.
How it works
Your own money app- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
Why sign up
Create your free SendPay account
It's all about creating your own financial platform with ease. Start with a free account today.
- 🪪A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
- 💳Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
- 🌐A free business websiteFree to build, free to publish and free to keep, with unlimited visits.
- 🚀Your own financial platformDesign and preview your whole platform free, then launch when you are ready.
SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
Could bank payments cost less than cards?
Compare card fees with pay by bank.
Pay by bank savings calculator →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.