Pix is an instant payment platform created and managed by the monetary authority of Brazil, the Central Bank of Brazil (BCB), which enables the quick execution of payments and transfers.

Pix was announced in the summer of 2019, and was fully operational on November 16, 2020.

Now, in Brazil, more than 70% of bank transactions are made with this payment mode.

The idea is to implement this payment mode by Microsoft as a standard feature, for payments and receipts.