If you are a user of Google Pay, get ready for incredible news! Then, it will be possible to payments by PIX directly into your Google digital wallet. This will be thanks to a partnership with the C6 Bank and the PicPay. Initially, the function will only be released to some users, but the expectation is to gradually expand it. Find out everything about this new payment method and how it can make your daily transactions even easier.
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- Google will allow payment by PIX in its digital wallet.
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- Partnership includes C6 Bank and PicPay.
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- Gradual launch with initial transaction limit.
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- Google will act as an initiator of payments 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 technology giant announced a new feature in partnership with C6 Bank It is 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 Payment by PIX on Google Works
Firstly, Google will act as a payment initiator. This means that it will authorize the transaction between two financial institutions, all within the payment system. 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 can make transactions via PIX in three different ways. Although the functionality is initially only available to some users, the expectation is that everyone will soon be able to take advantage of this new feature.
Limits and Availability
At first, there will be a small limit on transactions. 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 big advantages of using Google as a payments initiator is the reduced friction. This means you won't need to access your bank's app to carry out the transaction. Everything will be done faster and more conveniently.
Importance of PIX in the Financial Market
The director of products for individuals at C6 Bank, Maxnaun Gutierrez, highlights that PIX plays a fundamental role in the Brazilian financial market. Currently, 25 million establishments accept PIX, a greater number than those that accept credit cards.
Transaction Security
Security is a 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 strict 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 cases of theft 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 Customization
The open finance system allows financial data to be shared securely, facilitating the creation of 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 quickly, especially in e-commerce. Reducing friction in operations should contribute to large-scale customer adoption.
New PIX Rules
From November 1st, new PIX rules will come into force. It's worth staying on top of 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 take advantage of 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.
