Brazil rolls out the PIX mobile payments system for faster transactions

PIX mobile payments - QR code payment transaction

QR codes are expected to play a vital role in the country’s move away from using cash to pay. Brazil has announced the launch of the PIX mobile payments system, which is the nickname of the Brazil Instant Payment System from Banco Central do Brasil. The goal of this strategy is to make digital transactions convenient enough to stop relying on cash. The PIX mobile payments strategy has been in the works for over a year. The idea behind its use is to place QR codes in the way of…

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WhatsApp mobile payments launching its service in Brazil

WhatsApp Mobile Payments - WhatsApp on smartphone

The South American country will be the first to try the new Facebook owned transactions. Facebook is launching its WhatsApp mobile payments service for the first time in Brazil. The country is often the site of initial digital services due to its massive online population. Brazilian users will be able to use this new transaction service to be able to send money securely. The WhatsApp mobile payments will make it possible for a user to send money or buy a product or service from a merchant, all within the chatting…

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Mobile payments partnership in Brazil between MasterCard and Telefonica

The credit card giant and telecom company have paired up to develop a new transaction solution. MasterCard International and The Telefônica Group have just launched a new company called MFS, under a partnership between them that is designed to allow them to work together to create mobile payments solutions in Brazil. The first product from MFS is currently set to be launched in April of next year. That will consist of a pre-paid MasterCard account that can be accessed for mobile payments. The purpose is to allow individuals to be…

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