After the creation of Pix in 2020 by the Central Bank, this about Automatic Pix payment model became the most used by Brazilians. In 2024, the BC announced in a survey “ Brazilians and their Relationship with Money ” that Pix is used by around 76.4% of the population.
Since it is an easy transaction to make, all you need is information such as a Pix key or QR code, the Central Bank is looking for new features for the system . One of them is Automatic Pix, with an official launch scheduled for mid-2025 .
To understand what Automatic Pix is, what the BC’s proposal is, how it will work and other information about this new functionality , continue reading!
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What is Automatic Pix?
This new Pix modality will allow the qatar whatsapp number data of recurring charges automatically, after the user who owns the account has authorized it . In other words, the payer allows the money to sent automatically, via instant payment, to the recipient.
Thus, periodic charges, such as utility bills, monthly fees, rent, etc., can be scheduled for payment via Pix . The idea is to facilitate the payment and receipt of amounts automatically.
In the same way that scheduling will be automatic and easy to do, canceling scheduled transactions will also be simple : by the institution itself or by requesting it from the receiving company.
This feature is highly because it will expand Pix’s about Automatic. Pix to optimize internal financial processes , both for companies and individual consumers. Who will be able to have more practicality in their routine.
What is the difference between Automatic Pix and direct debit?
The main idea behind creating Automatic Pix is to can google tell if my site the payment process , in addition to contracting.
Currently, direct debit depends on negotiations between several institutions for the method to work . This makes the process bureaucratic and increases production costs.
With Automatic Pix, when contracting a service, the consumer can simply choose to pay within their banking app , receiving only a payment confirmation notification.
Another difference between the two is that automatic debit can take up to 45 days to activate, while with Automatic Pix, it is instant .
What is the difference between Automatic Pix and Recurring Scheduled Pix?
Automatic Pix can only be to pay maldivian lads entities . Initially, the idea is to allow regular customers to pay for services automatically.
However, recurring scheduled Pix is also another modality. That became mandatory in 2024, which can to pay individuals .
In this case, scheduled Pix can be to make donations. Pay allowances, rent between individuals and other types of services that involve individual accounts. Such as payment to day laborers, physical educators, therapy, etc.
