Pix Evolution and Implementation

SUMMARY PRESENTATION IDEALIZATION EVOLUTION NUMBERS FUTURE INFOGRAPHIC 8 Pix Withdrawal and Pix Change 2.5 Pix Withdrawal and Pix Change In view of the limited conditions for providing withdrawals in Brazil, either due to the existence of municipalities with a low presence of financial institutions or the asymmetries in the geographical distribution of withdrawal points coupled with the restriction on the provision of withdrawals by digital institutions, in November 2021 Pix Withdrawal and Pix Change functionalities were launched, with the aim of: increasing the capillarity of service points; promoting competition in the provision of the financial system withdrawal services; increasing convenience for users and democratizing access to the withdrawal service for Brazilians. Pix Withdrawal allows users who have an account at any institution participating in Pix to make a Pix transfer directly from their account to the account of a withdrawal agent, which can be a commercial establishment, a bank correspondent or shared ATMs; or to the account of institutions. participating in Pix, through the use of their proprietary ATMs. Then, the withdrawal agent or Pix participant handles the funds requested by the user in an amount corresponding to the Pix transfer made. Pix Change consists of a transaction in which the user with an account at any Pix participant, when making a purchase at a withdrawal agent, makes a Pix transfer for that agent's account in an amount equivalent to the sum of the purchase value and the value of the amount the user wishes to receive back in cash, as a change. The value delivered to the user will be the difference between the total value of the Pix and the value of the purchase made at the establishment. In order to serve a wide range of users profiles, the conception of Pix Withdrawal and Pix Change was guided by the ease of implementation and the flexibility offered to withdrawal agents, who can define, for example, the days and times for providing the service and the maximum amount available for withdrawal, in addition to other possibilities for customizing the availability of the withdrawal service, which may vary according to the particularities of each agent. pix powered by Banco Central saque How does it work (Withdrawal) — STORE Pix user is at a department store (for example) 2 R$50 3 Receives R$50 in cash from the store, which served as a withdrawal agent R$50 R$ pix powered by Banco Central troco How does it work (Change) 60 Pix user is at a grocery store (for example) R$30 Transfers, via Pix, R$50 R$ to the store without making any purchase Transfers, via Pix, R$30 to the grocery store 3 R$20 Makes a R$20 purchase R$10 4 Receives R$10 in cash 15

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