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    Home»Economy»End of credit card? Watch the news coming to Pix – Money Times
    Economy

    End of credit card? Watch the news coming to Pix – Money Times

    Charlotte WhitmoreBy Charlotte WhitmoreJanuary 3, 2024No Comments3 Mins Read
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    End of credit card?  Watch the news coming to Pix – Money Times
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    End of credit card?  Watch the news coming to Pix – Money Times
    PEX: The central bank sets a record number of funds transferred via payment method and plans new features. (Photo: Marcelo Casal Junior/Agence Brasil)

    Between January and November 2023, according to data from central bankor pixel I set a record 15.3 trillion Brazilian reals Busy. This number could rise even higher.

    This is because the monetary authority has an agenda of new tools that will be integrated into the payment method. Such as automatic discount and installment function.

    Continues after ad

    Pix: See the features of the new payment method

    automatic

    In October of this year, Auto pixel. The function is similar to the well-known auto-debit function, where bills linked to a person's CPF number and account information are scheduled instantly.

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    Automated Pix will be available to make payments for:

    • public service
    • Schools
    • Colleges
    • Gyms
    • Apartments
    • Social clubs
    • health insurance
    • Services flow
    • News portals
    • Subscription clubs
    • Companies in the financial sector

    There will be no auto pixelation Charging of individuals and availability in banks will be mandatory. Now for companies, This will depend on the agreement between the bank and the financial institution and whether the banks want to provide the service or not.

    The decision

    It will also be released to all users Scheduled pixel. The idea is that the user can schedule the date and time at which BAX will be sent to pay recurring bills, such as rent or allowances. In this case, it is aimed at individuals, while “automatic” is intended for companies, i.e. for making payments to legal entities.

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    Installments

    Also on the agenda is PIX premiums — The name has not yet been defined by the Central Bank. The idea in this case is to work like a credit card: the consumer buys a product and pays for it in instalments. The monetary authority is still working to develop this function, but some… Banks Already offer the option.

    * With Juliana Cafiero

    Editor in Chief

    He graduated in journalism from PUC-SP, specializing in international journalism. She is Editor-in-Chief at Money Times and has worked in newsrooms at InfoMoney, Você S/A, Você RH, Olhar Digital and Editora Trip.

    [email protected]

    LinkedIn

    He graduated in journalism from PUC-SP, specializing in international journalism. She is Editor-in-Chief at Money Times and has worked in newsrooms at InfoMoney, Você S/A, Você RH, Olhar Digital and Editora Trip.

    LinkedIn

    Charlotte Whitmore

    Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.

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