SafetyPay, the specialist digital alternative payments platform, has strengthened its offering in Brazil, through a new collaboration with PIX

The partnership will expand instant payments using QR codes as SafetyPay will facilitate the transfer and payments from any mobile phone in real-time, 24/7, including holidays and weekends. 

Gustavo Ruiz Moya, CEO, SafetyPay, commented: “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.” 

He added: “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.”

This payment method will facilitate payments in Brazil occurring in real-time with simple and fast transactions.

SafetyPay’s solution will allow non-credit card holders 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 significant technological advantage that allows simplistic and instant payments. QR codes are machine-readable optical labels that contain information about the attached item. 

In practice, QR codes often contain data for a locator, identifier, or tracker that points to a website or application. In the case of PIX, the QR code offered will be the dynamic which contains more information and the Static QR code with less information.