Pix

Overview

Pix is an instant payment system developed by the Central Bank of Brazil. It enables fast, secure transfers between bank accounts. To receive a payment with Pix, the merchant generates a QR code containing the Pix string and shares it with the customer. The customer scans the QR code or enter the Pix string using their preferred banking app, authenticates, and completes the payment instantly.

Pix operations can be executed from two perspectives: the user and the merchant.

• User View: The merchant creates a Pix charge using a dynamic QR Code and the user then completes the payment by scanning the QR Code or using the Pix string (cash-in). The user can also receive funds through a Pix payment made by the merchant (cash-out).
• Merchant View: The merchant can generate a dynamic QR Code to receive funds (cash-in) or initiate a payment to withdraw money (cash-out).

These transactions are mapped using different sources within our system, enabling accurate identification and categorization in our dashboard.