Pix is Brazil’s instant payment system created by the Central Bank of Brazil (Banco Central do Brasil) in 2020. With more than 150 million users and billions of transactions processed monthly, Pix is not just another payment method—it’s a revolution.
Whether you’re a tourist, expat, digital nomad, or planning to do business in Brazil, understanding how Pix works can make your life easier—and save you a lot of money.
What is Pix?
Pix is a real-time payment platform developed by the Central Bank of Brazil. It allows individuals, businesses, and government entities to send and receive money within seconds, 24/7—even on weekends and holidays.
Unlike traditional transfers (TED/DOC), which can take hours or days and often charge fees, Pix is free for most users and virtually instant.
How Does Pix Work?
To use Pix, users must link their bank account or digital wallet to a Pix Key. This key can be one of the following:
- Email address
- Phone number
- CPF or CNPJ (Brazilian ID numbers)
- Random key (UUID generated by the system)
Once the key is set up, users can send and receive money by simply typing in the Pix key, scanning a QR Code, or using contactless features. Payments happen instantly, with no waiting time.
Benefits of Pix
- Instant transfers: Payments are completed in seconds.
- 24/7 availability: Works every day of the year, including holidays.
- No fees: Free for individuals; low-cost for businesses.
- Secure and regulated: Supervised by the Central Bank of Brazil.
- Supports QR codes: Easily pay or receive money using a smartphone camera.
How to Use Pix as a Foreigner in Brazil
Foreigners can use Pix, but you need to meet a few conditions. Here’s what you’ll need:
- A valid passport
- A Brazilian CPF (taxpayer number)
- A bank account in Brazil or a digital wallet that supports Pix (like Wise or Banco Rendimento)
Once you have a bank account and CPF, just follow these steps:
- Log into your banking app
- Go to the Pix section
- Create a Pix Key (email, phone number, CPF or random)
- Start receiving or sending money instantly
Why Pix Is Disrupting Credit Cards and Traditional Banks
Pix has already surpassed credit cards as Brazil’s most-used payment method. Here’s why:
- No fees for transfers between users
- No intermediaries like Visa or Mastercard
- Real-time settlement—great for small businesses and freelancers
- Better financial inclusion for underbanked populations
This has led many experts to ask: “Is Pix going to replace credit cards?” While it might not eliminate them entirely, it’s already cutting into their market share—especially for small everyday transactions.
Can You Use PayPal or Cash App With Pix?
Currently, PayPal does not integrate directly with Pix. Similarly, Cash App is not available in Brazil. However, you can use apps like:
- Wise – Best for international transfers and Pix payments
- Remessa Online – For larger transfers from abroad
- Western Union / Ria – Traditional options with higher fees
Can You Send Pix From Abroad?
Yes, but only indirectly. You’ll need a Brazilian bank account or a service like Wise that allows you to convert and deposit into a Pix-enabled account. Once the funds are in Brazil, you can use Pix normally.
For this, we recommend:
- Opening a Wise account (international Pix payments supported)
- Creating a Brazilian bank account via Banco Rendimento
Final Thoughts
Pix is revolutionizing how Brazilians (and foreigners) interact with money. It’s fast, safe, and free. Whether you’re visiting, moving, or doing business in Brazil, learning to use Pix is essential in 2025 and beyond.
Looking to get started with Pix? Check out our complete guides:
FAQs
What does Pix stand for?
Pix doesn’t stand for anything specific—it’s just a brand name chosen by Brazil’s Central Bank.
Can I send Pix from the US to Brazil?
Not directly. But with a service like Wise, you can send money to Brazil and then transfer it via Pix.
Is Pix available to tourists in Brazil?
Yes, as long as they obtain a CPF and open a local or digital bank account.
