EVERTEC's Issuer Payment Institution has received authorization from the Central Bank of Brazil (Bacen) to operate as a Pix Direct participant. This upgrade allows the company to offer Pix services directly to its customers, having previously been an indirect participant through Sinqia's PSTI platform.
The direct integration with Bacen enhances operational efficiency by ensuring real-time processing of transactions and compliance with security and regulatory standards. This move provides Evertec with increased agility, security, and potentially lower costs for its customers in the instant payments market.
Pix has become a dominant payment method in Brazil, with 227 million transactions recorded on a single day in September. In August 2024, 153 million people and 15 million companies processed nearly 2 trillion reais in instant payments, highlighting the significant market opportunity for Evertec's expanded direct participation.
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