Understanding contactless Pix: What is it and how does it work?

Contactless Pix is an enhancement of the instant payment system Pix, which allows bank transfers and payments 24/7 through QR codes and payment links. This extension adds the convenience of making transactions by simply bringing a mobile device close to a compatible terminal, further simplifying the payment process.

How does contactless Pix work?

The functionality of contactless Pix is quite similar to other contactless payment technologies, such as NFC (Near Field Communication). Here’s a step-by-step explanation of the process:

1. Registration and setup

To use contactless Pix, users need an account with a bank or financial institution that offers Pix services and must enable contactless payment options within their banking app.

2. NFC technology

Contactless Pix uses NFC technology, which allows two devices to exchange information wirelessly when they are just a few centimeters apart. This technology is secure and widely used in mobile payments and contactless credit cards.

3. Making the payment

When the user wants to make a payment, they simply bring their mobile device close to a payment terminal that supports Contactless Pix. The banking app on the user’s phone sends the payment data to the terminal, which then processes the transaction instantly.

4. Transaction confirmation

Once the payment is complete, both the user and the merchant receive instant confirmation of the transaction, facilitating a quick and seamless process.

Advantages of contactless Pix

Contactless Pix offers several benefits for both consumers and merchants:

• Speed and efficiency: Payments are processed within seconds, eliminating the need for cash and reducing waiting times in queues.
• Enhanced security: Thanks to NFC technology and encryption layers used in transactions, payments are extremely secure, reducing the risk of fraud.
• Contactless convenience: Especially in a post-pandemic world, the ability to make payments without physical contact has become essential for many, and Contactless Pix perfectly meets this demand.

Contactless Pix: A technology with potential

For contactless Pix to work properly, it is essential that both users' devices and merchants' terminals are compatible with NFC technology. Additionally, financial institutions must implement the necessary support for this method to function correctly in their mobile applications.

Its widespread implementation could reduce cash dependency and improve financial inclusion by facilitating digital transactions for those without access to more traditional payment methods.

Contactless Pix is a clear example of how technological innovation can transform the user experience in digital payments. With its speed, security, and convenience, it is set to become a popular option for both consumers and businesses in Brazil, and potentially in other countries.

According to the Central Bank of Brazil, contactless Pix will be available to bank customers starting in November 2024.

Bemobi + Pix: Instant payments at your business’ fingertips

With over $2 billion in TPV processed annually, Bemobi stands out as an expert provider of digital payments in essential recurring services for industries such as Telecommunications, Utility companies, Education, Internet Providers, Healthcare and Finance.

Pix, along with other payment methods, is an integral part of the omnichannel digital payment solution. If you want more information, we invite you to complete the following form and we will contact you shortly.