Pix Brazil: What it is and How it Works
Pix is the instant payment system developed by the Central Bank of Brazil. Essentially, it allows you to make instant transfers (for collection or payments), 24/7, and free of charge for individuals.
It's not an app in itself, but rather a system integrated within the platforms of banks, digital wallets, and fintechs approved by the Central Bank of Brazil 🇧🇷
In just a few years since its development, it has become the most popular payment method for Brazilians: everyone uses it because it is fast, secure, and super simple to manage ✅
How does Pix work in Brazil?
To pay with Pix, you don't need a credit card or cash. Brazilians use a bank app or digital wallet and choose how to pay:
Using a "Pix key" (it can be a phone number, email, or a random key associated with an account).
Scanning a QR code provided by the person or business you want to pay.
Entering the recipient's account details (similar to a bank transfer).
Can I use Pix if I am Argentinian?
Yes! The belo app is integrated with Pix so you can collect money in Reais or pay for anything in Brazil as if you were a local. It is a simpler, safer, and more affordable solution.
👉 In this article we tell you the step-by-step for paying with Pix in Brazil.
👉 In this article we tell you the step-by-step for collecting with Pix.
Advantages of using belo to pay with Pix
If you are Argentinian, paying with Pix through our app solves a lot of problems when it comes to traveling and making purchases in Brazil:
Simpler: You pay with your cell phone, from the belo app, by scanning a QR. It works like any Argentinian virtual wallet.
Safer: You don't use a card or cash, avoiding the risk of loss, theft, or cloning.
No need to change currency: You pay directly with the pesos or crypto you have in your belo account. Belo automatically converts to Reais at the moment of payment.
Cheaper: belo does not charge commissions for Pix payments and you avoid surcharges associated with international card purchases.
Advantages of using belo to collect with Pix
With the belo app, you can also receive payments in Reais and use them locally instantly, without complications.
Simpler: You generate a QR or payment link from the belo app. They transfer Reais, you receive USDT in your account.
Your money grows: The USDT balance generates automatic returns while you use them for whatever you want, without needing to exchange currencies: transfer to national and international accounts or pay at stores with your belo Mastercard®. You can handle yourself in USDT without problems!
Faster: Payment credit only takes a few seconds.
If you made it this far, it's because you decided that belo is the best solution to move your money internationally; to pay in Brazil or collect from Brazilians without complications 🇧🇷
What are you waiting for? Download the app and dare to take the first step for your global finances 👇