The PagBank, a complete digital bank in financial services and payment methods, announced the launch of Pix by proximity on its payment terminals that have NFC technology and for Google Wallet, being one of the first acquirers to offer the functionality. The innovation, already available on the digital bank’s terminals, will make the payment experience more efficient and agile, reducing the average time of a Pix transaction from 36 seconds to just 6 seconds.
To use the new feature, the merchant simply selects the Pix payment option on the PagBank terminal. Next, the buyer enables payment by facial recognition or password, brings the smartphone close to the terminal, checks the amount, and confirms the transaction. All quickly and conveniently according to Google’s own rules and those of the Central Bank. For purchases over R$ 200, the account password will also be required.
“With a focus on offering practical and efficient solutions to our customers’ financial transactions, we anticipated the Central Bank’s proposal by making available to the market an innovative and competitive technology, making Pix a payment with less friction and more dynamism,” says Alexandre Magnani, CEO of PagBank. “The new feature speeds up sales and maintains security in compliance with Google Wallet’s rules and those of the Central Bank,” Magnani adds.
The executive also highlights that Pix by proximity benefits both individuals seeking a faster bill payment experience and merchants looking to streamline their receivables management. “In the PagBank ecosystem, Pix via QR Code on the machines was already a reality, offering additional benefits such as sales receipt and unified reconciliation for merchants and customers, as well as ensuring convenience and security. With the arrival of Pix NFC, this experience becomes even more agile, strengthening the habit of fast and secure payments on the machines,” concludes the CEO.
Both modalities, both Pix NFC on PagBank machines and Pix QR Code, are free for the merchant PagBank in the first month, with zero fees and instant receipt of the amount in their PagBank account.
The innovation, which represents a significant advancement in the digitalization, centralization, and modernization of payment methods and consolidates PagBank as a disruptive digital bank with advanced digitalization, arrives in this first phase to a sample of PagBank account customers who have smartphones with NFC on the Android solution and the Moderninha Pro 2 model machines, available this month at the New Year’s sale with an 83% discount. In the coming months, the technology will be extended to other customers and PagBank machine models.
One of the largest digital banks in the country in terms of customers, PagBank offers tools for in-person and online sales, a complete digital account for individuals and legal entities, as well as features that contribute to financial management, such as Payroll. At PagBank, the credit card has a guaranteed limit, and investments become a limit for the card itself, maximizing clients’ earnings, as well as generating up to 3% cashback on the bill, one of the highest in the market. At PagBank, those with active and inactive balances in the FGTS can request advances, in addition to being possible to hire the Consignado INSS for retirees and pensioners directly through the PagBank app. To learn more about PagBank’s products, click here.
