Pix instant payment system
Pix: pagos instantáneos del banco central
- Date
- 2020 · confidence high
- Place
- Central Bank of Brazil, Brasília, Federal District, Brazil
- Credited to
- Central Bank of Brazil
- Field
- Knowledge & symbols
What it is
A public instant-transfer system, free for individuals and available 24 hours a day via keys or QR codes. Within three years it overtook cash and cards in number of transactions in Brazil.
What it led to
- financial inclusion for millions of people
- a model for public instant-payment systems