B89, a Peruvian fintech company, has announced that it is partnering with PagBrasil, a pioneer in developing cross-border global solutions for Pix.
This collaboration will allow B89 to offer Pix International to merchants outside Brazil including Panama, Colombia, Peru, Bolivia, Paraguay, Venezuela and Ecuador. This allows Brazilian citizens either tourists or residents, to pay in Brazilian reais with a guaranteed exchange rate at the time of purchase, eliminating uncertainty in exchange rate fluctuations. Furthermore, transactions made through Pix Internacional are completely secure, ensuring protection for both customers and merchants.
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By integrating Pix International, merchants in Latin American countries outside of Brazil can offer their Brazilian customers an optimised payment experience, attracting and retaining this important consumer segment.
Key benefits include the ability for merchants to integrate Pix as a payment method in their app, website, or physical point of sale
Moreover, Pix offers lower fees compared to traditional payment methods, with no risk of chargebacks, helping merchants reduce operating costs.
Amparo Nalvarte, CEO of B89, said: “At B89, we are committed to creating cost-efficient, agile, and borderless financial solutions. This collaboration strengthens our mission to provide merchants with innovative tools to enhance their profitability and customer experience. ”
Alex Hoffmann, co-CEO and co-founder of PagBrasil, added: “At PagBrasil, we want to help create a more connected and efficient financial ecosystem for Brazilians, no matter where in the world they are. The partnership with B89 represents an excellent opportunity to expand Pix’s reach globally, consolidating it as one of the most innovative payment methods in the world. This process began in May 2023 when we became the first Brazilian company to enable the use of Pix outside of Brazil.”
With the expansion of Pix International, B89 and PagBrasil are transforming the way international transactions are conducted. This alliance promises to improve both e-commerce and physical commerce in the region, offering an efficient, secure and accessible solution for everyone.
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