The Central Bank of Brazil is preparing for a breakthrough with the launch of Pix Garantido, an innovation that promises to revolutionize the instant payment system by offering the option of installment purchases.
This new modality may become a convenient alternative to traditional installment payments made through credit cards, especially for high-value items.
It is still early to have all the details of how Pix Garantido will work, but it is known that this service is being carefully planned within the Pix evolution agenda.
At the moment, it does not yet have a defined date for official launch, nor have information about interest rates that may be applied been disclosed.How will Pix Garantido work?.
Pix Garantido promises to simplify the way Brazilians make their purchases, allowing payments to be made in installments.
Unlike credit cards, where the limit is predefined by the issuing bank, to use Pix Garantido, it will be necessary for the customer to have the necessary amount available in their checking account, or to use the overdraft limit, the latter subject to interest charges.What is known so far?.
Although the information is still preliminary, some financial institutions have already begun to offer similar modalities to Pix Garantido, functioning as a type of credit operation.
However, each bank has its own rules for installment payments via Pix, which can vary significantly between different institutions.
In addition to this, the Central Bank is also working on other innovations for Pix, such as automatic PIX and recurring scheduled PIX, which will allow for the scheduling of automatic debits.
These modalities are similar in certain aspects to Pix Garantido and aim to offer even more convenience and options for users of the instant payment system.
Impact of Pix Garantido for the consumerProvides an alternative to using credit cards for installment payments; May include interest, similar to an overdraft, if the customer does not have the full amount; Strengthens the Pix system, already widely adopted for immediate transactions; Democratizes access to higher-value purchases.
In summary, Pix Garantido has the potential to further expand the versatility of Pix, consolidating the platform as an essential payment and financing tool in the daily lives of Brazilians. We look forward to more information from the Central Bank about this promising payment modality.
