Pix Expands Again: Contactless, Bolepix, and Automation
Hey Payments Fanatic!
Brazil’s instant payment system, Pix, is evolving (again). Since its launch in 2020, it has reshaped digital transactions, making instant transfers the standard for millions, reaching in December a record of 240 million transactions in a single day. Now, three major updates promise to strengthen Pix’s role in the daily lives of Brazilians.
Starting in March, "Pix por Aproximação" (Contactless Pix) will let users pay simply by tapping their phone on a compatible terminal—no need to open a banking app. The feature has been tested since November 2024 via Google Pay and uses NFC technology, the same applies to contactless card payments. Security measures include biometric authentication, encryption, and transaction limits.
Two additional features are on the way: Bolepix merges traditional bills with Pix, enabling faster payments for utilities, school fees, and financing installments, while Pix Automático simplifies recurring transactions, allowing subscriptions and bills to be paid automatically each month.
If you’re interested in reading a bit about what’s been happening in Payments, keep scrolling!
Cheers,
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