Brazil’s central bank to launch installment payments on Pix system

Published 03/04/2025, 20:48
© Reuters.

Investing.com -- The Central Bank of Brazil announced on Thursday that an upcoming feature will enable users to pay for transactions in installments via its instant payment system, Pix. The new option is scheduled to be rolled out in September.

The central bank stated that this feature could potentially increase Pix usage in retail for higher-value purchases. This would be advantageous to users who do not have access to traditional credit options. The bank released this information in a statement, highlighting the potential benefits of this new feature to consumers who might struggle with access to conventional credit.

Pix, the instant payment system of Brazil, has gained widespread popularity since its introduction.

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