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Brazil central bank to launch Pix installment feature in September

reuters.com

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Re: Brazil central bank to launch Pix installment feature in September

#21

Post by rescbr »

diego_moita wrote: post #11
vitorgrs wrote: post #6

Just a reminder that Google Pay supports Pix! You can pay using Pix with QR Code, keys or just NFC with it. There were reports that Apple doesn't want to implement on Apple Pay...

> There were reports that Apple doesn't want to implement on Apple Pay... No surprise. 1. Apple is irrelevant in 3rd world countries. It is a luxury brand for millionaires. Doesn't have mass appeal. 2. If Apple were to implement it they wouldn't be able to get away with the huge margins they charge.

> Apple is irrelevant in 3rd world countries. It is a luxury brand for millionaires. Doesn't have mass appeal.

Apple has 9% market share in Brazil. This is not irrelevant. It’s not a luxury thing for millionaires, but rather a status symbol for the middle class.

There’s this whole market of iPhone leasing plans where you get a new phone whenever Apple releases a new one, banks offering 21x installment payment plans to purchase iPhones, and a vibrant secondhand and refurbished market.

This 9% segment of the population can’t be ignored, specially considering the income inequality in the Brazilian society. They might not have a high credit card limit or due to lack of financial literacy, they want to avoid using credit cards, so they might prefer to use debit and PIX for daily transactions.

Re: Brazil central bank to launch Pix installment feature in September

#22

Post by brainwad »

ojosilva wrote: post #3

This is hands down one of the best instant payment platforms at the moment. Only India's UPI can match it in features, and China and Thailand in adoption. Most Western countries have had a (somewhat timid) taste of instant payments, but most don't know what it means to just drop credit and debit cards and cash altogether for a system that is not just universally adopted (from apps to flea markets to online payments a…

Credit cards give me cashback, worldwide acceptance and peace of mind. The country I live in, Switzerland, has a very widely accepted QR-based payment system... but credit cards (in mobile wallets) are more convenient, safer, faster. The only time I use the QR codes is when a merchant doesn't have a card terminal.

Re: Brazil central bank to launch Pix installment feature in September

#23

Post by SomeUserName432 »

MilaM wrote: post #12
Argonaut998 wrote: post #7

Earlier quoted context omitted.

It’s crap in comparison. It’s not flexible at all. It’s still SEPA even though it’s “instant” and not all banks support it yet (although they are supposed to).

SEPA is not crap. It's actually pretty awesome, considering that you can instantly transfer money between 5000+ banks in 30+ countries, with practically zero fees. The UX of SEPA is lacking in comparison to other modern payment systems for sure. I'm confident though, that it will improve soon. Wero [1] seems like a decent start and appears to be gaining traction lately. It's basically a layer on top of SEPA Instant p…

> with practically zero fees

We pay 2.50 EUR for a SEPA transfer, it's ridiculously expensive.

We need local integrations for every market to cut costs.

Re: Brazil central bank to launch Pix installment feature in September

#24

Post by omega___ »

ojosilva wrote: post #3

This is hands down one of the best instant payment platforms at the moment. Only India's UPI can match it in features, and China and Thailand in adoption. Most Western countries have had a (somewhat timid) taste of instant payments, but most don't know what it means to just drop credit and debit cards and cash altogether for a system that is not just universally adopted (from apps to flea markets to online payments a…

Poland has the fantastic BLIK system: https://en.wikipedia.org/wiki/Blik Used country-wide, it's popular enough that global stores allow using it, like AliExpress or Steam.

Re: Brazil central bank to launch Pix installment feature in September

#25

Post by c0wb0yc0d3r »

ivape wrote: post #20
ojosilva wrote: post #3

This is hands down one of the best instant payment platforms at the moment. Only India's UPI can match it in features, and China and Thailand in adoption. Most Western countries have had a (somewhat timid) taste of instant payments, but most don't know what it means to just drop credit and debit cards and cash altogether for a system that is not just universally adopted (from apps to flea markets to online payments a…

Thanks, just learned about this in the states: https://www.federalreserve.gov/paymentsystems/fednow_about.h...

It’s a shame that it isn’t used.

Re: Brazil central bank to launch Pix installment feature in September

#26

Post by igortg »

rescbr wrote: post #21
diego_moita wrote: post #11

Earlier quoted context omitted.

> There were reports that Apple doesn't want to implement on Apple Pay... No surprise. 1. Apple is irrelevant in 3rd world countries. It is a luxury brand for millionaires. Doesn't have mass appeal. 2. If Apple were to implement it they wouldn't be able to get away with the huge margins they charge.

> Apple is irrelevant in 3rd world countries. It is a luxury brand for millionaires. Doesn't have mass appeal. Apple has 9% market share in Brazil. This is not irrelevant. It’s not a luxury thing for millionaires, but rather a status symbol for the middle class. There’s this whole market of iPhone leasing plans where you get a new phone whenever Apple releases a new one, banks offering 21x installment payment plans t…

How much of these 9% uses Apple Pay? My bet it's just a small part. People still use Pix and physical Credit/Debit Cards. Google Pay/Apple Pay are far behind.

Re: Brazil central bank to launch Pix installment feature in September

#27

Post by closewith »

brainwad wrote: post #22
ojosilva wrote: post #3

This is hands down one of the best instant payment platforms at the moment. Only India's UPI can match it in features, and China and Thailand in adoption. Most Western countries have had a (somewhat timid) taste of instant payments, but most don't know what it means to just drop credit and debit cards and cash altogether for a system that is not just universally adopted (from apps to flea markets to online payments a…

Credit cards give me cashback, worldwide acceptance and peace of mind. The country I live in, Switzerland, has a very widely accepted QR-based payment system... but credit cards (in mobile wallets) are more convenient, safer, faster. The only time I use the QR codes is when a merchant doesn't have a card terminal.

> Credit cards give me cashback, worldwide acceptance and peace of mind.

That's because you (and everyone else in Switzerland, even those paying cash) is eating a 2-3% merchant fee markup. In the civilised world like the EU, where credit card interchange fees are capped of 0.3%, those cashback benefits (which is, again, your money you've just paid) don't exist.

> worldwide acceptance

For now, at a huge economy-wide cost. That skimmed 2-3% is what Trump is trying to protect.

> peace of mind

That's also country-dependent. In many countries, credit card transactions have no additional protections and chargebacks aren't the magic bullet they are in some.

> more convenient, safer, faster.

Pix is more convenient, safer (much, much safer and lower risk of fraud), and faster than credit cards. Cheaper too.

Re: Brazil central bank to launch Pix installment feature in September

#28

Post by henry700 »

brainwad wrote: post #22
ojosilva wrote: post #3

This is hands down one of the best instant payment platforms at the moment. Only India's UPI can match it in features, and China and Thailand in adoption. Most Western countries have had a (somewhat timid) taste of instant payments, but most don't know what it means to just drop credit and debit cards and cash altogether for a system that is not just universally adopted (from apps to flea markets to online payments a…

Credit cards give me cashback, worldwide acceptance and peace of mind. The country I live in, Switzerland, has a very widely accepted QR-based payment system... but credit cards (in mobile wallets) are more convenient, safer, faster. The only time I use the QR codes is when a merchant doesn't have a card terminal.

The cashback you are given back is taken from a fraction of the fee levied on merchants by the Payment Processing company they use. The only thing holding this system together is the lobby (also funded by a part of the aforementioned fee on merchants) by the Payment Processing industry to uphold laws that prohibit more expensive payments for more expensive payment methods, and also the extensive marketing (funded by guess what). It's an extremely simple yet ingrained system, and the only way to topple it and stop paying hidden costs thinking you're getting an extremely good deal on cashback, is to peel back the curtains and realize it, and make most of the politically-active part of the country's population to do so too.

Re: Brazil central bank to launch Pix installment feature in September

#29

Post by voxleone »

ojosilva wrote: post #3

This is hands down one of the best instant payment platforms at the moment. Only India's UPI can match it in features, and China and Thailand in adoption. Most Western countries have had a (somewhat timid) taste of instant payments, but most don't know what it means to just drop credit and debit cards and cash altogether for a system that is not just universally adopted (from apps to flea markets to online payments a…

It may be good, but what does the Brazilian law say[0]?

In 2021, Brazil enacted Law No. 14.063, which governs the digitalization of public services. Its Article 16 is clear:

“Information and communication systems developed exclusively by the public administration shall be governed by open-source licenses, allowing their unrestricted use, copying, modification, and distribution by all public agencies and entities.”

In short, software developed solely by the public sector—funded with taxpayer money and intended to serve the public interest—must be made available under an open-source license.

Pix is exposed to a legal instrument called 'Mandado de Segurança'.

I have written about it:

https://d1gesto.blogspot.com/2025/06/brazils-pix-system-face...

[0] https://www.gov.br/governodigital/pt-br/plataformas-e-servic...

Re: Brazil central bank to launch Pix installment feature in September

#30

Post by ivape »

c0wb0yc0d3r wrote: post #25
ivape wrote: post #20

Earlier quoted context omitted.

Thanks, just learned about this in the states: https://www.federalreserve.gov/paymentsystems/fednow_about.h...

It’s a shame that it isn’t used.

I just learned about this. Looks like this system is only available to banks, and they would have no incentive to break the old system by being quick to implement this. If the Federal Reserve provided this directly to individuals, then we'd have a lot of new payment apps that bypasses the middle network (that would be a paradigm shift).
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