Technology

Brazilian Central Bank postpones launch of Pix Cobrança to March

The feature was announced in October and was expected to roll out on January 4

PIX, Brazil's instantpayments system logo
PIX, Brazil's instant payments system logo, on a smartphone screen. Photo: Shutterstock.
  • Pix Cobrança, a feature within the newly launched Brazilian instant payment system, was postponed to March;
  • Pix Cobrança allows sellers to issue a QR Code for payment transactions due to future dates.

The Brazilian Central Bank postponed the start of operations at Pix Cobrança (Pix Charge), for payments due to future dates, to March 15, 2021.

The feature was announced in October and it was expected to start operating on January 4, 2021. The information was published on the Union Official Journal on Monday.

READ ALSO: Brazilian e-commerce will never be the same after PIX

With Pix Cobrança, sellers will be able to issue a QR Code for payment transactions at a future date. It will work as a boleto (popular bank slip in Brazil), with information on interest rates, fines and discounts.

At the moment, QR code payments with Pix occurs only for immediate transactions, a feature that was rolled out on November 16th. Which means that, at least for now, it is necessary to have an account balance available to pay with Pix.

Brazil’s Central Bank did not gave any further information on why it postponed Pix Cobrança.

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