You may already know that banking systems have fixed hours and days, do not operate on weekends and holidays, and require time to clear payments, among other issues. With Pix, all of this will change.
Thus, it is easy to see the growing popularity of this france email database feature. In the first month of full operation, transactions carried out in the new payment system of the Central Bank (BC) moved a total of R$83.4 billion. In total, there were 92.5 million transactions. Regarding the number of registered keys, they total 116 million.
Therefore, companies in the construction sector need to prepare to adopt this new instant payment system if they want to keep up with the changes in digital transformation.
But don't worry, today we're going to clear up your doubts about Pix and how this electronic payment method works, as well as the effects it will have on your property development company. Let's go!
What is Pix?
Pix is the newest instant payment system created by the Central Bank (BC). In addition to being competitive, its proposal is to be a safer and faster payment method. Putting this into practice, among its many features, it allows transfers and payments to be made in up to ten seconds, and these transactions can take place 24 hours a day, every day of the year, including weekends and holidays.
In addition, it is also possible to carry out transactions by simply entering the cell phone number or CPF of the person who will receive the amount, eliminating the need to enter all account details. However, financial institutions must comply with a series of requirements demanded by the Central Bank itself to make Pix available.
Among them is the high availability of this service, both for the payer and the recipient. Thus, through Pix, it will also be possible to make payments in real time to stores, restaurants and other commercial establishments, in addition to paying water and electricity bills, and even collecting taxes.
What changes with Pix?
Its immediacy is the main feature of Pix. You already know how the TED or DOC system works; they take hours or even days to happen, depending on the time. Through Pix, financial transactions are immediate. The recipient can have their money in their account in up to 10 seconds.
Furthermore, with Pix, payment flows in general will undergo changes. Currently, for an electronic payment to be made, a source account and a destination account are required, as well as a card issuer (bank), an acquirer (owner of the card machine), a card brand and a processor (which connects all intermediaries).
With this new feature, intermediaries between accounts are no longer necessary. Now, from the source account, the money will go directly to the destination account, in seconds.
Thus, with the arrival of Pix, it no longer matters what the payment method is, but whether the account the customer is using is integrated with Pix. To give you a better explanation, this means that no one will want to know whether your account is with bank X or Y to make a transfer or the card brand when purchasing a product.
How does Pix work?
The new payment system works through Pix keys, which can be either the user's CPF/CNPJ, email or telephone number, as mentioned above.