Pix Evolution and Implementation
SUMMARY
PRESENTATION
IDEALIZATION
EVOLUTION
NUMBERS
FUTURE
PIX'S NATIONAL AND INTERNATIONAL AWARDS
The innovations brought by Pix have been recognized in
several national and international awards:
Fintech & Regtech Global Awards 2021: Winner in the
Payments Innovation category, where payment initiatives
controlled or supervised by a central bank or other financial
regulator were assessed and, based on the use of a new
technology, resulted in efficiency gains, both in terms of
cost and speed;
Mobile Time Selection Award: hors-concours initiative of
the 2021 edition, awarded exceptionally, for its innovative
character and immense impact on society;
iBest Brazil Academy: Brazil's best initiative with regards to
digital government actions in 2021, according to the expert
jury's vote. In 2022, Pix won the prize in the same category,
being chosen by the popular jury and the Academy;
Innovation in the Public Sector Competition: winner
in the category "Innovation in Services or Public Policies
in the Federal Executive Branch", which encourages the
implementation of innovative initiatives in the Executive
Branch contributing to the improvement of public services.
Central Banking Awards 2022: awarded in the Central
Banking's category payments and Market Infrastructure
Development - Retail, with recognition of the essential role
played in the implementation of better payment practices
for retail or similar market structures.
BandNews 2022 Award: 1st place in the ranking of the
most admired brands in Brazil in the payments sector.
Faz Diferença (It makes a difference) Award: sponsored by
the newspaper O Globo in partnership with the Federation
of Industries of the State of Rio de Janeiro (Firjan), this
award honors personalities whose merits are an example
to the entire Brazilian society. The Governor of the BCB
received the award in the "Economy for work" category
developed with Pix.
Fintech RegtTech
Global Awards 2021
Banco Central do Brasil
2021
iBest Brazil
Academy
1st PLACE
Pix
Banco Central do Brasil
"INNOVATION IN SERVICES OR
PUBLIC POLICIES IN THE FEDERAL
EXECUTIVE BRANCH"
category
BandNews
Awards
Most admired
brands in Brazil
PAYMENT
CATEGORY
2021
Mobile Time
Seletion Award
2022
iBest Brazil
Academy
CENTRAL BANKING
AWARDS 2022
Banco Central do Brasil Pix
PAYMENTS AND MARKET
INFRAESTRUCTURE
DEVELOPMENT - RETAIL
WINNER
Pix
Federal Government
BEST OF BRAZIL, 2022
iBest
2. Pix Evolution
During the 2021/2022
Biennium
Pix went live in November 2020, with an agenda of functionalities already
planned for 2021, in addition to other features to be prioritized and
developed over time. Since its release, Pix offered the possibility of making
an immediate Pix transfer using a Pix alias (phone number, email, Tax ID (for
either individuals or merchants) or a random string) 15, by scanning a QR Code
or the action of copying and pasting the string from a QR Code (Pix Copy and
Paste). These forms of initiation made it possible, since the beginning of Pix,
the regular transfer of funds between individuals and making and receiving
payments between individuals, merchants and government entities. I was also
possible to schedule a Pix for settlement at a future date, but the offering
of this service by participants was optional. From the side of payees, the Pix
API (standardized by the BCB) has also been made available since the launch
of Pix. It was created to facilitate and automate the interaction between the
systems of participating institutions and systems of end users, covering the
functionalities of creating and managing billing, verification of settlements,
reconciliation and support for return processes. It is through this standardized
API that commercial establishments are able to instantly identify, through
integration with their commercial automation systems, that the funds arising
from a sale are credited in their account, allowing consumers to quickly check
the transaction and improving the acceptance experience of Pix by merchants.
In addition, with the standardization of the Pix API, users who want to change
accounts do not need to change their management systems to different
APIs, making it easier to move from one participating institution in the Pix.
ecosystem to another, which encourages competition.
In addition to the functionalities made available to the population since its
launch, the BCB anticipated the development of new products and solutions
for years to come, in order to make new use cases possible for the Pix
ecosystem. The objective is to ensure that any payment or transfer made
in Brazil, regardless of its value, its purpose and the agents involved, can be
carried out through Pix. This set of new products and solutions has been
named as the "Evolutionary Pix Agenda".
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15 A randomly generated alphanumeric string that can be used by users who do not want to link their personal data to their transactional
account information.View entire presentation