Reported 1 day ago
Brazil's central bank announced that in September, a new feature allowing users to pay in installments via its popular instant payment system, Pix, will be launched. This feature aims to enhance Pix's appeal for higher-value purchases and provide an alternative for those lacking traditional credit options. Known as 'Pix Parcelado,' it will enable consumers to spread payments while merchants receive the full amount instantly, potentially threatening the market share of credit cards.
Source: YAHOO