SafetyPay unveils QR Codes for real time payments in Brazil
By Pavithra R
SafetyPay, the leading digital alternative payments platform providing solutions across Latin America and Europe has announced the implementation of PIX as a payment method in the Brazilian Market to bring instant payments to life using QR codes.
The firm will facilitate the transfer and payments from any mobile phone in real-time, 24/7, including holidays and weekends. This payment method will facilitate payments in Brazil occurring in real-time with simple and fast transactions.
SafetyPay’s solution will allow non-credit cardholders and fraud-wary consumers to use PIX, a QR code containing all the customers’ banking information without sharing additional information online and pay for goods are services around Brazil. PIX is a platform that allows customers to make payments to all banks in Brazil through QR codes, a technological advantage that allows simplistic and instant payments.
“SafetyPay is committed to bringing instant real-time payments to customers wishing to use QR codes in their phones to pay any time, 24 hours, seven days a week, including weekends and holidays for any product or service within Brazil or to Brazil. This payment solution is aligned with our strategy of financial inclusion and facilitating cross border payment options for all customers. Offering a secure, risk-free, instant payment solution is key to tap a larger number of customers that either do not have credit cards or have them but do not want to use. Our payments solutions which leverage the latest technology to protect our customers and offer them the best experience online will contribute to a better and quicker online sales experience. PIX has grown exponentially in only a few months in operation, processing over 320 million transactions only in March,” said Gustavo Ruiz Moya, CEO, SafetyPay.
SafetyPay is a digital alternative payment platform provider across Latam and Europe. It currently partners with 380 banks in 17 countries worldwide, across Latin America, Europe and North America. The inclusion of PIX as a payment method in SafetyPay was a huge effort recently launched in Brazil for online merchants’ sales.
IBSi Daily News Analysis
August 12, 2022
The Weekly Wrap: all you need to know by Friday COB | August 12thRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage