Paymentwall is a global payment service provider that allows merchants to process payments all over the world.
As the first global payment provider to adopt the use of PIX, the new bank transfer system developed by the Central Bank of Brazil, Paymentwall delivers ultra-fast transactions in Brazil for its merchants.
PIX provides a revolution for consumer experience. Transactions occur in less than 10 seconds, 24 hours a day, 7 days a week. With the payment system, users can:
- Scan a QR code.
- Use a PIX key to complete transactions with their banking/wallet apps.
It works by making all digital wallets with QR codes interoperable. Users don’t need to ask for any account information or data. Instead, they request a PIX alias or scan a QR code.
Once that’s completed, the funds transfer can take place at any time of day.
That means users can make payments, or transfers, from one digital wallet. And they can do this to other digital wallet holders in real-time.
PIX launched in November 2020 and it immediately became clear its range of benefits are a game-changer. The key advantages include:
- Greater convenience: The accessible software is simple for end-users and businesses.
- Lower financial costs: There are no charges for users and ultra-competitive costs for businesses.
Paymentwall now offers all the global merchants on its platform the ability to enable PIX in Brazil to better monetize their Brazilian users with this convenient payment method, creating a win-win-win solution for all.