Ralf Germer’s Post

🚀 𝗨𝗻𝗹𝗼𝗰𝗸 𝘁𝗵𝗲 $𝟴 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗕𝗿𝗮𝘇𝗶𝗹𝗶𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗯𝘆 𝗮𝗰𝗰𝗲𝗽𝘁𝗶𝗻𝗴 𝗣𝗜𝗫 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗦𝗔 🚀 In today's fast-paced world, cost efficiency is everything, and PIX is leading the way in Brazil’s financial revolution, saving businesses over 70% on their processing fees. Developed by the Central Bank of Brazil, PIX has been adopted by over 98% of Brazilians. Every year, Brazilian tourists spend over $8 billion in the USA. PIX enables real-time payments and transfers, 24/7, online or through a payment terminal with a simple QR code approval. 💸✨ 𝐇𝐞𝐫𝐞'𝐬 𝐰𝐡𝐲 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐚𝐧𝐝 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐚𝐫𝐞 𝐞𝐦𝐛𝐫𝐚𝐜𝐢𝐧𝐠 𝐏𝐈𝐗: ✅𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐅𝐮𝐧𝐝𝐬 ✅ 𝐍𝐨 𝐂𝐡𝐚𝐫𝐠𝐞𝐛𝐚𝐜𝐤𝐬  ✅ 𝐒𝐩𝐞𝐞𝐝: Payments are processed in seconds.  ✅ 𝐂𝐨𝐬𝐭-𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞: It's free for individuals and lower cost for businesses.  ✅ 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞: Accessible via mobile banking apps and easy to use. As a small business looking to cut costs and attract more Brazilian tourists, 🇧🇷 PIX is a game-changer. It's the future of payments, available today! 𝐇𝐚𝐯𝐞 𝐲𝐨𝐮 𝐭𝐫𝐢𝐞𝐝 𝐏𝐈𝐗 𝐲𝐞𝐭? 𝐖𝐡𝐚𝐭 𝐡𝐚𝐬 𝐲𝐨𝐮𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐛𝐞𝐞𝐧 𝐥𝐢𝐤𝐞? For more information on our offering, visit [HagenPay] (https://hagenpay.com/pix). #PIX #DigitalPayments #FinTech #FinancialInclusion #InstantPayments #BrazilEconomy #PaymentSolutions #Innovation #PIXPayment #PIXPaymentUSA #HagenPay ##pixpaymentusa

New Blog Post: Establishing a PIX-Enabled Payment Facilitator in Brazil As Brazil continues to lead in digital banking innovations, establishing a payment facilitation company that leverages PIX offers a promising opportunity. Our latest blog post provides a detailed roadmap for entrepreneurs and businesses looking to navigate this dynamic landscape. Key steps to establish your PIX payment platform: - Central Bank Authorization: Secure authorization from the Central Bank of Brazil to operate as a Payment Institution. - Technology Development: Build or partner to create a robust payment platform capable of handling PIX transactions. - Operational Setup: From customer onboarding to establishing customer support and conducting security audits. Why it matters: With PIX’s growing popularity in Brazil, entering this market requires careful planning and compliance with regulatory standards. This venture not only promises access to a burgeoning digital payment market but also positions companies at the forefront of financial technology innovation in Brazil. 👉 Dive deeper into each step and discover how to successfully launch a PIX-enabled payment facilitator by reading our full blog post. Link in the comments. What challenges and opportunities do you foresee in the Brazilian payment market? #Fintech #DigitalPayments #PIX #Brazil #PaymentSolutions #FinancialInnovation

Ralf Germer, our CEO and co-founder, recently shared his insights in an article for Global Banking & Finance Review on the transformative impact of #Pix in Brazil. From advancing financial inclusion for millions of Brazilians to paving the way for global expansion, Pix has revolutionized the digital payments landscape, connecting Brazil to the world and setting new standards for seamless, inclusive transactions. 🌐 Read the full article: 🔗 https://lnkd.in/d4jh9tGA

Brazil made instant payments free for everyone. 114 million people signed up. Turns out people don't mind switching payment methods when the new option costs nothing. This BIS report breaks down how Brazil's central bank built Pix, a payment system that's bringing millions into the digital economy. Here are my key takeaways: 🔶 Mandatory participation of large banks was crucial. By requiring banks with >500,000 accounts to join, Pix created immediate critical mass and network effects that pulled in smaller players voluntarily. 🔶 The system dramatically cut merchant costs - Pix charges 0.22% vs. 2.2% for credit cards in Brazil, showcasing how public infrastructure can reduce private rent extraction. 🔶 Financial inclusion surged. 50 million Brazilians who had never made digital transfers before started using Pix, expanding the digital payment ecosystem. 🔶 Central Bank of Brazil's position as both infrastructure provider and rule-setter enabled coordinated innovation while maintaining competition. 🔶 Usage per capita hit record levels - at 33.2 transactions per capita, Pix achieved the highest adoption rate among peer payment systems globally While big tech wrestled over payment apps, Brazil's central bank just made moving money as easy as sending a text. #PIX #financialinclusion #payments #couchonomics #payments #fintech #embeddedfinance #digitalassets #futureofmoney #futureoffinance Couchonomics with Arjun - ⁠- - - - - - - - - - - - - - - - - - - - - - - - - - - 👍 Hit like ♻️ Share it with your network 📢 Drop a comment 🎙️ Check out my podcast Couchonomics with Arjun on YouTube 📖 Get my weekly newsletter on LinkedIn: Couchonomics Crunch 🕺💃 In the MENA region? Join our Fintech Tuesdays community! 🤝 Let's connect! - ⁠- - - - - - - - - - - - - - - - - - - - - - - - - - -

Brazil's largest instant payment method, Pix, has experienced continuous growth in usage since its launch. But how does this affect the global payments market? Join us as our Head of Innovation Solutions of GFT USA, Carlos Kazuo Missao, explores this topic at the upcoming Nacha Smarter Faster Payments 2024 Remote Connect! During the session, Carlos will share his experience with Pix and explore innovative strategies to prepare for a shift from traditional payment systems in the U.S markets. Let's dive into the world of payments together! Find more details about the event here: https://okt.to/xqXIMw #Fintech #Payments #Technology #SmartFasterPayments2024

🚀 Fast Payments Revolution: Key Highlights from the Bank for International Settlements – BIS 🌎 The BIS report Faster Digital Payments highlights game-changing progress in payments, especially in Latin America. Here’s what stands out: 🌟 The PIX Effect In Brazil, PIX surpassed cash as the most used payment method in just three years, driving financial inclusion with 149 million users and increased access to credit. 🌍 Regional Success Costa Rica’s SINPE Móvil cut cash use and costs for banks with 80% adoption. Mexico’s CoDi and DiMo simplify mobile payments via QR codes and phone numbers. Fast payment systems are transforming financial health by lowering costs, improving access, and fostering trust, with central banks leading the charge. What’s the next big leap for payments?👇 #DigitalPayments #FinancialInclusion #Innovation #LATAM #Fint

“Do you take cards?” was a common question at physical stores, often met with a disappointing, “No, just cash.” 💸 Cash dominated the market, and merchants hesitated to pay the fees associated with card transactions. 🚀 Everything Changed in November 2020… The Central Bank of Brazil introduced Pix, an instant payment method that revolutionized the way Brazilians pay. Now, transactions are faster, easier, and more secure, benefiting both merchants and consumers! 🔗 Discover how Key2Pay integrates with Pix and other payment solutions to streamline your business: https://key2pay.online/ . #Key2Pay #PaymentSolutions #Pix #Brazil #InstantPayments #FinTech #BusinessGrowth #CashlessPayments

The Central Bank of Brazil and the National Monetary Council have just rolled out new regulations for Open Finance and Pix payments. These updates are set to revolutionize the payment landscape in Brazil, making digital transactions more seamless and inclusive. Here's a breakdown of the key changes: 🔹 𝐒𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞𝐝 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐬: The new rules simplify online payments via Pix, particularly through digital wallets. Users can now enjoy contactless transactions without needing to access their financial institution's app directly. 🔹 𝐄𝐱𝐩𝐚𝐧𝐝𝐞𝐝 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐢𝐨𝐧: Open Finance participation requirements now include a broader range of financial entities, such as those involved in investments and foreign exchange operations. This expansion aims to foster a more inclusive financial ecosystem. 🔹 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞: A definitive governance structure for Open Finance has been established, providing organizational autonomy to oversee the development and operation of Open Finance services and products. 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐓𝐢𝐦𝐞𝐥𝐢𝐧𝐞: 🔹𝐍𝐨𝐧-𝐑𝐞𝐝𝐢𝐫𝐞𝐜𝐭𝐞𝐝 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐨𝐧: Specific regulations are expected by the end of July 2024. 🔹𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐓𝐞𝐬𝐭𝐬: Institutions must conduct tests by 14 November 2024. 🔹𝐅𝐮𝐥𝐥 𝐋𝐚𝐮𝐧𝐜𝐡: Anticipated by the end of February 2025. 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: Institutions with significant customer bases and those participating in Pix will be required to engage in payment initiation. Smaller entities will have optional participation based on their customer base. These advancements mark a significant step towards enhancing financial accessibility and operational efficiency in Brazil. They support an environment for integrated financial services and super apps, consolidating diverse financial offerings into a unified customer experience. 🔍 More About Pix: Developed by the Banco Central do Brasil, #Pix enables transactions in less than 10 seconds, 24/7, including weekends and holidays. Users can pay by scanning a QR Code or using a Pix code via their banking or digital wallet apps, without needing a bank account. 📊 Pix in 2024: •Over 120 million active Pix users. •More than 1.5 billion transactions processed monthly. •A transaction volume exceeding BRL 500 billion per month. •Pix adoption has reached over 80% of all Brazilian adults. Stay tuned for more updates on this transformative journey towards a more inclusive and efficient financial future in Brazil! 🚀💳 #OpenFinance #PixPayments #BrazilFinance #DigitalPayments #FinancialInclusion #Fintech #Regulations #Innovation #CentralBankOfBrazil #NationalMonetaryCouncil #PIX #Brazil

This is why Cheezee Global chooses #PIX as a payment method to offer for its Clients: There were an estimated 𝟱.𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 Pix transactions in June 2024 alone 🤯 Here is my 𝗧𝗼𝗽 𝟳 of the latest Pix stats that will blow your mind: 1️⃣ Pix volume continues to surge. There were an estimated 5.3 billion Pix transactions in June 2024 - 60% more than June 2023. 2️⃣ Approximately 2.2 billion Pix transactions per month (42%) are initiated by someone scanning a QR Code. 3️⃣ The number of Pix transactions is 45% more than credit and debit combined. 4️⃣ In Q4 2023, there were 13.1 billion Pix transactions vs. 4.8 billion card and 4.2 billion debit transactions. 5️⃣ Over 156 million Brazilian adults (> 90%) and 17 million businesses are using Pix. 6️⃣ The fastest-growing use case for Pix is payments between consumers and businesses. P2B transactions were 39% of total Pix transactions in June 2024 vs. 30% in June 2023. 7️⃣ In less than four years, PIX has grown to represent 43% of all payments in Brazil 🤯 This incredible adoption by both consumers and businesses demonstrates the confidence in Pix overall. Even the National Treasury is moving payment programs to Pix. #PIX #Payment #PSP #Brazil #cheezeePay #tranzaction #finance #fintech

A few months ago, a consortium of 16 EU banks launched Wero, a pan-European digital wallet, in response to new Single Euro Payments Area SEPA rules requiring 10-second fund transfers by January 2025. The EPI Company aims to enhance payment efficiency and reduce reliance on non-European providers. Wero will leverage instant payment rails for faster, cheaper transactions, countering competition from US-based digital wallets like Apple Pay and PayPal. Despite initial scepticism, the initiative aims to strengthen customer relationships and expand across Europe, ensuring secure, Europe-based data management. As European banks move forward with these initiatives, it mirrors similar efforts globally, such as Brazil’s PIX and the US’s FedNow, underscoring the global shift towards instant payments and digital innovation in the financial sector 🚀 #InstantPayments #DigitalWallet #EUFinance #SEPA #Fintech #Innovation #Wero #FinancialServices #PaymentsRevolution