The instant payment system, a pioneer in Brazil, was enabled for stores that operate with Fiserv.
He Pix instant payment system It is now available in stores Uruguay, so that the electronic media to make purchases, within the framework of a new summer season.
Pix, the pioneering method of Brazil, reaches participating businesses in the country with the help of Fiserv, world’s leading provider of payments and financial technology, providing a new payment opportunity for Brazilian tourists arriving this summer, something that is in line with the intention of the Central Bank of Uruguay (BCU) to modernize the payment system.
In this way, stores that operate with Fiserv in the country will be able to accept payments through QR codes enabled for the platform developed by the Central Bank of Brazil, which will improve competitiveness in the market, but can also increase efficiency and reduce costs for commerce, while enhancing security and improving the customer experience.
He general manager for Latin America at Fiserv, Juan de la Torre, He highlighted that the objective of the firm is “to connect all types and sizes of companies with the widest range of payment methods, financial institutions and suppliers, to facilitate the acceptance of multiple options when paying and help each business in the growth of your business.”
In this context, he highlighted the regional insertion of the platform. “Because Fiserv operates in multiple countries in the region, we can adapt technologies locally, improving the experience of our customers and end users. We were the pioneers when launching Pix in Argentina and we are sure that this new functionality will also generate a great positive impact on Uruguay”, he predicted.
How does the payment system work?
Pix It is now available in all Fiserv network stores in the country and can be used easily. It works through its own application on its terminals that will generate a QR code so that the wallet user can then scan it, accept the payment and, thus, pay the amount of their purchase in reals.
Meanwhile, the business will receive the payment accreditation in the traditional way and in the same bank account in which it receives payments from the other cards with which it operates.
The BCU advances in the modernization of the payment system
The arrival of Pix It occurs in moments where the BCU seeks to modernize the payment system with two new milestones. Even, weeks ago, the vice president of the monetary authority, Washington Ribeiro, anticipated that the use of a QR code to make bank transfers would be implemented, to which the total incorporation of the “alias”.
“These two new achievements will contribute to a Quick Payment System innovative, accessible, efficient and solid, which is what from the central bank we promote”, he highlighted Ribeiro with respect to the goal of ensuring that person-to-person or person-to-business transfers can be credited immediately once completed.
Source: Ambito
