PIX is a new system launched by the Brazilian Central Bank to support instant payments . About PIX The new system supports for the first time the instant payment of peer-to-peer remittances, checks, Boleto Bancário payments (a payment method in Brazil), and taxes and service fees (such as issuing passports, etc.). Similar to the European SEPA system (The Single Euro Payment Area, the European cross-border payment plan), Brazilians will soon be able to complete payments and send funds between individuals and organizations through mobile banking, online banking and ATMs, 24 hours a day, including holidays. Advantages of PIX
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