In recent years, fintechs have played an essential role in modernizing sanitation and gas services in Brazil, driving operational efficiency and enhancing the consumer experience through innovative technological solutions. FazPay, part of the Nax Finance group, is a clear example of this transformation.
“Today, having to leave home to pay basic bills no longer makes sense. It was imperative to develop a platform that would facilitate the issuance of bills and the receipt of payments for municipal companies,” says Ernatan Benevides, partner at Nax Finance.
Digital payments: a reality that moves the entire country
Currently, 76% of payments in Brazil are already digital, with Pix and cards dominating the market, and in the first half of 2024 alone, there was 31% growth in the number of digital transactions, totaling approximately 65 billion operations. Pix alone accounted for 45% of transactions, demonstrating its penetration in essential services.
The implementation of these innovations demonstrates how fintechs can improve the quality of life for Brazilians, making payments more practical and accessible anywhere in the country. With the increasing digitization of services and the constant pursuit of efficiency, these companies’ solutions are becoming increasingly indispensable.
According to Benevides, this digital revolution not only strengthens the economy and benefits millions of Brazilians but also consolidates financial technology as a key piece in modernizing the country’s infrastructure.
“Partnerships between fintechs, sanitation and gas operators, and government agencies accelerate the modernization of the sector. Beyond digital payment systems, these collaborations enable advancements such as financing and microcredit, the use of blockchain to ensure transparency and security in transactions and contracts, and real-time monitoring of water and gas consumption.”
Service: Nax Finance
Ernatan Benevides, founding partner of the NAX FINANCE Group, is a business administrator with certifications, specializations, an MBA, and a Master’s degree. His market experience has created a vision beyond theory, encompassing, in practice, the most diverse forms of credit and investment integration.
Nax Finance
– 41 9986-0039– https://naxopenfinance.com/
– Email: comercial@klock.net.br
– Address: Av. Manoel Ribas 136, São Francisco, Curitiba/PR.
