Created by the Central Bank, Pix was announced and launched in the second half of 2020, becoming a phenomenon in the first few months and arriving to facilitate financial transactions.
The promise was to replace the outdated DOC and TED, after all, the idea is promising: money transfer at any time and day, between different institutions, at low or no cost.
Since the news of the launch of Pix, among the highlights are the fast transfer of money between individuals and fast payments and receipts between customers and companies.
But there are still those who have doubts about the service. Is it really free? What happens behind the scenes? Is it safe? After all, what is Pix ?
Keep following the content and find out what Pix means and how it works .
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What is Pix?
Pix works as an automatic and instant saudi arabia whatsapp number data transaction . Through it, it is possible to transfer money quickly, safely and conveniently between bank accounts at different financial institutions in the country .
This method allows your company to pay and receive money. Today, most bank accounts already have Pix integrated into the app .
Pix is a new payment method launched in Brazil, with innovative features:
- Payments every day of the week: With Pix , you can make transactions at any time of the day, any day of the week, including weekends and holidays.
- Instant payments and transfers: The entire transaction is completed in seconds. Pay or receive and have the money available to use immediately.
- Savings on transactions: Pix costs depend on the financial or payment institution, but the price is still much more economical than traditional methods.
- Different types of transactions: Make transfers between individuals, between individuals and commercial establishments, between companies and to government entities.
Meaning of the acronym Pix
Despite the few letters in the name, Pix is not an acronym. The presentation and usability are particularly was chosen by the Central Bank because it brings to mind technology, transactions and pixels (the luminous points of a digital image), in addition to being easy to remember.
Pix is a “brand” created to effectively and it ended up being a perfect fit, helping to boost the service. It is now common to hear people say: “ Send a Pix !”
Who create Pix?
Despite its appearance, the saultdata Pix is not an acronym. It was by the Central Bank, responsible for creating this payment method in 2018, because it brings to mind technology, transactions and pixels. The intention was for the word to quickly and popularized.
However, it was only to users in 2020. Currently, it is one of the main payment methods on the market , becoming the most used purchasing tool in 2022 .