Brazilian instant payments system PIX

E231035

Brazilian instant payments system PIX is a nationwide real-time electronic payment platform in Brazil that enables instant, low-cost transfers between individuals, businesses, and government entities 24/7.

All labels observed (2)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf Brazilian payment system
instant payment system
real-time gross settlement-based payment scheme
accessChannel internet banking
mobile banking apps
payment institution apps
aliasType email address
phone number
random key
taxpayer identification number (CPF or CNPJ)
availability 24/7
country Brazil
currency Brazilian real
feeStructure free-for-most-individual-users
low-cost
geographicScope nationwide
governingLaw Brazilian law
inception 2020
integration Brazilian banking system
Brazilian fintech ecosystem
ISO4217CurrencyCode BRL
launchDate 2020-11-16
legalJurisdiction Brazil
operator Central Bank of Brazil
paymentType push payments
purpose foster competition in financial services
increase efficiency of retail payments
promote financial inclusion
reduce use of cash
region Latin America
regulator Central Bank of Brazil
supports QR code payments
account-to-account transfers
bill payments
business-to-business payments
e-commerce payments
government-to-person payments
in-store payments
person-to-business payments
person-to-person payments
proxy-based payments
tax payments
targetUser businesses
government entities
individuals
technology QR code
alias-based addressing
transactionSettlement instant
transactionSpeed real-time

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Central Bank of Brazil operates Brazilian instant payments system PIX
Brazilian Payment System (SPB) component Brazilian instant payments system PIX
subject surface form: Brazilian Payment System
this entity surface form: PIX instant payment system