O PagBank, a complete digital bank in financial services and payment methods, announced the launch of proximity Pix in its payment terminals equipped with NFC technology and for Google Wallet, being one of the first acquirers to offer this functionality. The new feature, already available on the digital bank’s card machines, 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 functionality, merchants simply need to select the Pix payment option on the PagBank card machine. Next, the buyer enables payment via facial recognition or password, brings their smartphone close to the card machine, checks the amount, and confirms the transaction. Everything is done quickly and conveniently in accordance with Google Wallet and Central Bank rules. For purchases above R$200, the account password will also be required.
“Focusing on offering practical and efficient solutions for our customers’ financial transactions, we anticipated the Central Bank’s proposal by providing the market with an innovative and competitive technology, making Pix a payment method with less friction and more dynamism,” comments Alexandre Magnani, CEO of PagBank. “The new functionality speeds up sales and maintains security in compliance with Google Wallet and Central Bank rules,” adds Magnani.
The executive also emphasizes that proximity Pix benefits both individuals seeking a faster payment experience for bills and merchants looking to optimize their receivables management. “In the PagBank ecosystem, Pix via QR Code on card machines was already a reality, offering additional benefits such as sales receipts and unified reconciliation for retailers and customers, along with convenience and security. With the arrival of NFC Pix, this experience becomes even more agile, strengthening the habit of fast and secure payments on machines,” concludes the CEO.
Both modalities, NFC Pix on PagBank card machines and QR Code Pix, are free for PagBank merchants in the first month, with zero fees and instant credit to their PagBank account.
The novelty, which represents a significant advancement in the digitization, centralization, and modernization of payment methods and consolidates PagBank as a disruptive digital bank with advanced digitization, is initially available to a sample of PagBank account customers who have NFC-enabled smartphones on Android and Moderninha Pro 2 card machines, available this month in the New Year sale with an 83% discount. In the coming months, the technology will be extended to other customers and PagBank card machine models.
One of the country’s largest digital banks in terms of customer numbers, PagBank offers tools for in-person and online sales, complete digital accounts for individuals and businesses, and features that contribute to financial management, such as Payroll. At PagBank, the credit card has a guaranteed limit, and investments can become credit limits for the card itself, boosting customer earnings*, in addition to generating up to 3% cashback on the bill, one of the highest in the market. At PagBank, those with active and inactive FGTS balances can request an advance, and it is also possible to apply for INSS Payroll Loans for retirees and pensioners directly through the PagBank app. To learn more about PagBank products, click here.
