Partnership can take payment in pix abroad

Deepak Gupta January 23, 2022
Updated 2022/01/23 at 10:14 PM

THE pix is already a real success among Brazilians. The means of transfer and payment has already surpassed the mark of 715 billion reais in movement and over 380 million keys registered by individuals and companies. Now, thanks to a partnership, it will be possible to carry out transactions via pix for accounts abroad.

The novelty comes thanks to a partnership of Bexs, a bank specializing in digital payments and international remittances, with the Thunes, a Singapore-based global payments company. With the partnership between the two financial institutions, it is expected that between the end of 2022 and the beginning of 2023, all transfers sent to Brazil through Thunes will be carried out in real time.

Thunes is already responsible for processing payments for global companies in several areas, such as the gig economy (services provided over the internet, such as remote classes), digital banks and international remittance platforms. There are almost 300 payment methods in over 120 countries and around 80 different currencies.

We hope to further increase Brazil’s overall trade relations with the world via digital channels”, said Luiz Henrique Didier Jr., CEO of Bexs in an interview with EXAME portal.

According to Jenna Wyer, Thunes Senior Vice President for the Americas, the means of payment segment has evolved dramatically in recent years. In addition, the increased demand for online form helps consumers and businesses.

International payments are driven by a mix of peer-to-peer transactions, freelancers, consultants and creative talent working abroad. As a result, we are seeing significant growth in payments to the sharing economy. [sharing economy]“Wyer said.

Thunes has global operations, including working with companies like PayPal and Remitly, which has easy entry into over 100 countries.

Despite this, there are obstacles in the implementation of the project. According to Wyner, there are very few similar examples of the process they want to do with pix. Therefore, they will have to work slowly and safely to create something consistent and usual. “There are few examples around the world similar to Brazil. These are countries like Malaysia and Singapore, where domestic systems are connected with cross-border payments between them.“, said the executive of Thunes.


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