Launched by the Central Bank of Brazil, this system is now used more than credit cards and cash. Its popularity is so great that WhatsApp had to abandon a payment system it wanted to launch locally.
Pix is great. It makes things so much easier. Everyone uses it from the guy selling drinks on the beach to airlines. Previously you had to have a card machine.
The closest we have in the EU would be like Revolut.
The closest we have in the EU would be like Revolut.
No, revolut is still just a private bank. The closest is Polish Blik or Spanish Bizum. Those are run by central bank and you identify with your phone number. I never used Blik but in Spain all banking app support Bizum payments. It’s also widely used. Most small business accept Bizum. Some online stores also accept it.
Swish in Sweden is exactly like this too - instant payments linked to your phone number, run by the central bank, and literally everyone uses it from street vendors to major retailers (I cant even remember the last time I used cash).
Pix is great. It makes things so much easier. Everyone uses it from the guy selling drinks on the beach to airlines. Previously you had to have a card machine.
The closest we have in the EU would be like Revolut.
No, revolut is still just a private bank. The closest is Polish Blik or Spanish Bizum. Those are run by central bank and you identify with your phone number. I never used Blik but in Spain all banking app support Bizum payments. It’s also widely used. Most small business accept Bizum. Some online stores also accept it.
Swish in Sweden is exactly like this too - instant payments linked to your phone number, run by the central bank, and literally everyone uses it from street vendors to major retailers (I cant even remember the last time I used cash).
Wero?
The closest would be PayByBank, which basically just uses the bank’s own instant payment systems. Or stuff like Tikkie would also be similar.
Payconiq?