You are Argentine, and you pay like a Brazilian. The finance platform Fiwind, continues with its commitment to innovation in payment methods. Now it has added a new option to its app that allows you to make purchases in Brazil, tax-free and with a more favorable exchange rate through its integration with Pix.
In a hypercompetitive market such as that of electronic payments, Fiwind offers 2% cashback in BTC for all payments on Pix that are made through your app and with any currency: crypto, dollars or pesos.
These improvements are another step in its financial competitiveness plan that was preceded, a few weeks ago, by the presentation of its virtual card for managing purchases in dollars.
What is Pix?
Pix is the most popular payment method in Brazil, launched and promoted by the Central Bank of the neighboring country in November 2020. The Brazilian platform won the electronic payments market by offering instant money transfers for both individuals and businesses.
Given its popularity and growing demand, Fiwind made the decision to integrate Pix into a payment app with the aim of simplifying and lowering costs for those who are in Brazil and make their purchases.
When registering in Fiwind, a CVU is generated with which the user can make transfers in pesos to their account on the platform. When paying, an automatic conversion is carried out that avoids having to buy reais: Argentinians will be able to pay like locals in Brazil using the pesos in their Fiwind account.
What are the advantages of using Fiwind in Brazil?
Firstly, and the most obvious is that the Fiwind user will no longer have the need to exchange physical money for reais to operate in the neighboring country. Digitalization also reduces the danger of being exposed to robberies on the street.
Secondly, payments made through Fiwind with Pix are not subject to tax surcharges on foreign currency purchases. Advantage not offered by traditional debit and credit cards that charge fees for payments made abroad. It improves the exchange rate to a more advantageous one and returns the user 2% in BTC for all their purchases.
How do you pay with Pix through Fiwind?
From the Fiwind application, available on Android and iOS, users will be able to access a QR reader and scan the one provided by the Brazilian merchant to pay (they will also be able to upload the merchant’s data manually).
Then, they must select which currency they want to make the payment with and it will be executed immediately. The merchant will receive the funds in a few moments and can then complete the purchase.
All payments are made in BRL (Brazilian Reals) through the automatic conversion of the chosen currency – dollar, peso, crypto – to the Real. The exchange rate is displayed before confirming the transaction.
Link web: https://www.fiwind.io/
2024-03-25 14:24:25