Re:Brazil's government-run payments system has become dominant
by lucasoshiro on Tuesday April 08, 2025 @10:32AM
(#43622251)
> you can generate a QR code on the spot so the person paying can just scan it
You can also generate a R$0,00, print it and leave to the other person input how much will be transferred.
PS: Pix is so trivial to us that only in places like HN we can see how amazing it is
Re:Brazil's government-run payments system has become dominant
by owebmaster on Tuesday April 08, 2025 @10:47AM
(#43622418)
Brazilian banking system is quite well developed for a long time. Let's see if Pix being ubiquitous can help the country better develop economically, with better wealth distribution, innovation and high-paying jobs
Re:Brazil's government-run payments system has become dominant
by owebmaster on Tuesday April 08, 2025 @10:43AM
(#43622381)
> - no NFC (so works with any crappy phone)
It is possible to pay using NFC now
Re:Brazil's government-run payments system has become dominant
by catsma21 on Tuesday April 08, 2025 @10:39AM
(#43622336)
> its a bank transfer
why can't we just use qr codes with ibans in that case?
Re:Brazil's government-run payments system has become dominant
by jowea on Tuesday April 08, 2025 @10:56AM
(#43622526)
You can use QR codes with your Pix address. I don't see why it would matter that much? I think the IBAN system is mostly used in Europe.
Re:Brazil's government-run payments system has become dominant
by AnAfrican on Tuesday April 08, 2025 @12:55PM
(#43623884)
Because the underlying "account" is not necessarily a Bank Account.
Re:Brazil's government-run payments system has become dominant
by gjvnq on Tuesday April 08, 2025 @06:11PM
(#43626978)
I guess that's because pretty much nobody in Brazil knows what an IBAN is
Re:Brazil's government-run payments system has become dominant
by nani8ot on Wednesday April 09, 2025 @07:39AM
(#43631022)
That's something I've wondered for a long time. Especially know when real time bank transfers aren't allowed to cost more than regular bank transfers (usually free), there's really no point in creating a seperate system.
But it seems to me like banks don't really want to make bank transfers more comfortable for small transactions.
- no card
- technically not a specific app, its a payment method that any app with a checkout flow (for example) can chose to implement.
- you register some id with your financial institution of choice (any of CPF - equivalent to SSN, CNPJ - for businesses, phone number, email or a randomly generated key).
- keys are fully portable, as in you can revoke em or change the bank institution they're associated with any time.
- you can generate a QR code on the spot so the person paying can just scan it
- transfer is pretty much instant (under 5s seems to be the norm)
- no NFC (so works with any crappy phone)
- since its a bank transfer, and since bank transfers are insured up to 200k (afaik), its pretty safe.