More practicality and agility: Central Bank says it is working on new features for PIX

In Brazil, one of the great recent innovations was the PIXan instant payment system that has made life easier for companies and buyers, driving digital transformation in the financial market. Now, to the delight of users, the Central Bank has confirmed that it is working on new functions for the modality.

Among them, PIX Automático and PIX Internacional stand out, promising to bring even more practicality and agility to financial transactions.

In addition, other new features that should arrive soon, according to the BC, are international transfers and support in marketplaces to expand the number of stores that adopt this payment method.

The announcement about the new features for PIX was made by the Central Bank executive, Carlos Brandt, during Criptorama Brasília 2023. At the event, Brandt gave more details about the new features that PIX should receive in the coming months.

“PIX is not yet suitable for any type of payment. We are on the path, it is a construction process, to be able to incorporate PIX for other use cases that it does not yet serve or that it does not serve well”said the executive.

Automatic PIX should work in a similar way to direct debit. The user can register a fixed account, such as an internet account, and every month the amount will be automatically deducted from the bank account in which PIX was registered. This way, the user will not need to pay their fixed bills manually.

Learn more about the PIX payment method

PIX is an instant payment system developed by the Central Bank of Brazil. Launched in November 2020, it allows financial transactions to be carried out quickly, securely and accessibly at any time of the day, every day of the week.

The method allows transfers between people, companies and financial institutions electronically, eliminating the need for intermediaries, such as bank slips and credit cards. To use PIX, it is necessary to register a key, which can be a telephone number, email, CPF/CNPJ or a random key generated by the system.