Pix – Service goes into operation and has new features

Pix went into operation yesterday (November 3) for a test phase that will run until the 15th and will be restricted only to customers who have been selected by financial institutions.

Therefore, it is important to mention that during this test period, the service will operate from 9 am to 10 pm.

And it will finally be available to all consumers only on November 16th and will operate 24 hours a day, 7 days a week and 365 days a year.

Therefore, in this content you will be able to check all the information about Pix, including the news that was released by the Central Bank.

Getting to know Pix

First of all, you should know that Pix is a service developed by the Central Bank that aims to reduce transaction costs and eliminate the need to carry cash.

Therefore, the service is part of the Instant Payments System (SPI) and enables transactions to be carried out in real time.

In this way, the following benefits are made available:

• Instant transactions;
• Safe environment;
• Lower costs.

In this sense, for the consumer to use the service, they need to access their bank's application and register their Pix key.

Therefore, the key can be the email, CPF or telephone number and it is through this that there is access to the account user's banking details.

Therefore, you can find out more details about the service on the Central Bank website.

How fares work

Firstly, the cost of offering Pix from the perspective of financial institutions will be R$$0.01 for every ten transactions.

In fact, Bacen allowed banks to pass this cost on to the customer or opt for exemption from fees.

And according to the information provided by the Central Bank, users who have a bank account natural person will be able to use the service without paying anything.

In other words, making and receiving transfers and payments would be free of charge.

However, charging a fee is possible if the individual makes some type of sale and receives the money via Pix.

On the other hand, when we talk about users legal entity, be aware that financial institutions may charge fees, as Bacen has allowed.

So this charge refers to sending and receiving money.

Additionally, a consumer who can transact via the website or app but prefers to do so in person or over the phone will be charged.

Therefore, when we speak generally, the service may be offered together with the charging of fees, however, the value has not been defined considering that the institutions may or may not charge.

And so, digital banks like Nubank They have already guaranteed that they will not charge for offering Pix.

Conclusion

And to conclude our content, it is interesting to mention that according to the head of the Department of Competition and Financial Market Structure at the Central Bank, Ângelo Duarte, it is possible that Pix may present some instabilities.

Basically, it is possible that some errors may occur and that is why the service will be tested for 12 days.

However, consumers do not need to worry, as this will certainly be resolved quickly and will hardly affect operations.

Contact: 0800 730 0999

Sergio Fernandes Borges Soares Street, 1000 | Building E1 - Industrial District, Campinas – SP, 13054-709

*Research Source: https://agibank.com.br/