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SafetyPay Introduces QR Codes for Real-Time Payments in Brazil
SafetyPay's solution would allow non-credit cardholders and fraud-aware consumers to use PIX, a QR code containing all of the customers' banking information, to pay for products and services in Brazil without sharing additional information online.
FREMONT, CA: SafetyPay, the leading digital alternative payments platform providing solutions across Latin America and Europe, has declared the implementation of PIX as a payment method in the Brazilian Market to bring instant payments to life using QR codes. SafetyPay can allow real-time transfers and payments from any mobile phone, 24 hours a day, seven days a week, including holidays and weekends. This payment method will allow for real-time payments in Brazil, as well as easy and quick transactions.
SafetyPay's solution would allow non-credit cardholders and fraud-aware consumers to use PIX, a QR code containing all of the customers' banking information, to pay for products and services in Brazil without sharing additional information online. The addition of PIX extends the ability for over 200 million people to complete instant payments at any date or time to pay for goods and services.
PIX is a platform that enables customers to make payments to all banks in Brazil using QR codes, a significant technical advantage that allows for simple and instant payments.
QR codes are machine-readable optical labels that contain information about the object to which they are attached. In practice, QR codes often provide information for a locator, identifier, or tracker that leads to a website or application. In the case of PIX, the QR code provided would be dynamic, containing more information, and static, containing less information.
PIX is the most important payment solution in Brazil today, with over 134 million user accounts. This new product was released in November of last year, and it now has over 700 institutions involved. SafetyPay is adding one of the best digital solutions for its customers in a market of more than 200 million people with this innovative payment solution.