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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