Now foreign tourists in Brazil can pay using Pix, the popular Brazilian instant digital payment.
How do I pay for things in Brazil? What currency do Brazilians accept? If you are wondering how visitors from overseas can shop for souvenirs, you are in the right place!
PagBrasil, a tech company focused on digital payments, has just launched Pix Roaming. This exclusive solution enables tourists to buy using the Pix System through their own digital wallets or bank apps.
Digital Wallet users
will be amazed by
Pix Roaming
Easy-peasy payments!
Easy-peasy payments!
See how it works – international travelers will be surprised at how simple it is to pay like a Brazilian.
1. Customers access their own bank app and choose to pay via QR Code.
2. The shopper scans the QR code.
3. After verifying the shopping information, the customer confirms the checkout.
4. And that’s it! The payment is DONE!
Keep an eye out for market opportunities
Pix
The most widely used payment method in Brazil.
R$ 41,9 billion
in transactions were made in 2023
R$ 17.2 trillion transactions
(US$ 3.4 trillion in value)
7x more than credit cards
32% of transactions are P2B
(Person-to-Business)
There was a 160% increase compared to 2022
Tourism
5.9 million foreign tourists visited Brazil in 2023
8,0 million are expected to be visiting in 2027.
US$ 7,0 billion were spent by international visitors.
By 2027, this amount is projected to reach R$ 8.1 billion.
Most Visited States
1 São Paulo
2 Rio de Janeiro
3 Minas Gerais
4 Bahia
5 Paraná
Benefits for Bank Apps and Digital Wallets:
• Get extra income: Foreigners are more likely to choose stores that offer Pix payments. This means a potential increase on revenue opportunities.
• Monetize currency exchange: With Pix Roaming, it is possible to earn from currency exchange transactions.
• Reduce bureaucratic hurdles: PagBrasil provides tech and legal support
• Become part of the change: Embrace this innovative payment method and put your business ahead of the competition.
Benefits for International visitors
• Accessibility: It is possible to use Pix Roaming in locations that don’t accept credit or debit cards.
• Save Money: Many stores in Brazil offer discounts to customers who pay using the Pix System.
• Currency Exchange? Forget about it. There is no need to deal with cash using Pix Roaming.
Payment flow
#1
Foreign clients can use their own digital wallets by scanning a QR Code or transferring money to a digital key provided by the Brazilian retailer.
#2
PagBrasil converts Brazilian Reais (BRL) to US Dollars (USD) and guarantees a fixed exchange rate for 10 minutes. Customers will see the converted price on their screen in their national currency.
#3
Customers confirm payments and PagBrasil transfers the money in Brazilian Reais to the merchant using funds in US Dollars withdrawn from the partner’s balance. The partner can then withdraw the corresponding amount from the payer’s wallet.
#4
And that’s it!
The transaction is completed and verified in the partner’s wallet. Afterwards, the partner confirms the debit to the customer.
