If you are a user of Google Pay, get ready for some amazing news! Soon, it will be possible to do payments by PIX directly into your Google digital wallet. This will be thanks to a partnership with C6 Bank and the PicPay. Initially, the feature will only be available to some users, but the expectation is to gradually expand it. Learn all about this new payment method and how it can make your daily transactions even easier.
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- Google will allow payment via PIX in its digital wallet.
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- Partnership includes C6 Bank and PicPay.
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- Gradual launch with an initial transaction limit.
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- Google will act as a payment initiator via open finance.
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- Enhanced security with encryption and strict authentication.
Google Allows Payment by PIX in Digital Wallet: A Complete Guide
Introduction
Did you know that you can now use the PIX directly into Google's digital wallet? That's right! The tech giant has announced a new feature in partnership with C6 Bank and PicPay. Let's understand together how this new feature can make your financial life easier and what you need to know to start using it.
How PIX Payment Works on Google
First, Google will act as a payment initiator. This means that it will authorize the transaction between two financial institutions, all within the system of open finance. This system is supervised by the Central Bank and aims to facilitate the creation of more customized financial services for you.
Three Ways to Use PIX on Google
According to Elisa Joia, director of payments operations at Google Pay for Latin America, you will be able to make transactions using PIX in three different ways. Although the feature is initially only available to some users, the expectation is that everyone will soon be able to enjoy this new feature.
Limits and Availability
Initially, there will be a small limit on transactions. The release to the general public will be gradual, so stay tuned for updates to find out when you will be able to use PIX in your Google digital wallet.
Advantages of Google as a Payment Initiator
One of the great advantages of using Google as a payment initiator is the friction reduction. This means that you won't need to access your bank's app to make the transaction. Everything will be done more quickly and conveniently.
Importance of PIX in the Financial Market
C6 Bank's director of products for individuals, Maxnaun Gutierrez, highlights that PIX plays a fundamental role in the Brazilian financial market. Currently, 25 million establishments accept PIX, a number 60% higher than those that accept credit cards.
Transaction Security
Security is a top priority for Google. In addition to requiring you to have the financial institution installed on your device for verification, there are encryption solutions and a rigorous authentication process. This way, you can make your transactions with peace of mind.
Additional Security Measures
To further ensure security, Google has implemented several measures. These include solutions for theft cases and a fraud reporting system. All this so that you can use PIX in Google's digital wallet without any worries.
Open Finance and Service Personalization
Open finance allows financial data to be shared securely, making it easier to create more personalized services. This is great for you, as you will have access to financial solutions that truly meet your needs.
Scale and Customer Adoption
The expectation is that the new payment method will grow rapidly, especially in e-commerce. The reduction of friction in operations should contribute to its large-scale adoption by customers.
New PIX Rules
Starting November 1st, new PIX rules will come into effect. It's worth keeping up to date with these changes to make the most of this payment method.
Conclusion
With all these new features, Google promises to revolutionize the way you make payments. Stay tuned for updates and get ready to enjoy all the benefits of PIX in your Google digital wallet.
For more information on how technology is transforming the financial market, check out this article on artificial intelligence in the financial market.