Corea and Initiator boost the Pix Automatic in Brazil

The Corea, tech company of infrastructure solutions in digital transactions and data intelligence, and the Initiator, a platform specialized in open finance solutions, announce a strategic partnership to operationalize the Pix Automatic & Pix functionality that will allow automating recurring payments such as monthly payments, subscriptions and consumer accounts, from prior authorizations and fully digital flow.

With the agreement, the Center will be responsible for the operation of the environment that concentrates the receipt, storage and consultation of consent data for recurring debts via Pix. Already the Initiator will make the technological bridge between companies and financial institutions, enabling the adhesion in a standardized way and in accordance with the guidelines of the Central Bank.

Unlike the standard model, the partnership offers an integration-ready infrastructure with centralized authorization and standardized connection between companies and banks.

“Our infrastructure allows us to serve from banks in the initial phase in Open Finance to companies that seek to charge recurrences via API or white label” portal, says Irene Romao, Executive Superintendent of Nuclea.

The solution was designed to serve recurring service companies (academics, schools, SaaS, streaming, internet), consumer companies (water, electricity, gas, telephony), associations and condominiums and financial institutions that want to expand their digital services.

For them, Pix Automatic offers reduction of defaults, optimization of collection, improvement in cash flow with instant receipts and generation of new revenues with the expansion of services. For consumers, it ensures convenience, transparency, flexibility and full control of authorizations and cancellations directly in the bank app.

“O Pix Automatic reduces friction, improves the customer experience and simplifies the lives of those who charge. The expectation is that the adhesion comes mostly from companies, who see in the model a new source of revenue. The partnership with Nuclea is strategic to bring this innovation to the market with robustness and” scale, adds Marcelo Martins, CEO and founder of the Initiator.