EBANX and Pagaleve Launch Pix Installment Payments in Brazil
Payment platform EBANX collaborates with Pagaleve to launch the "Pix 4x" installment payment service in Brazil. This option allows consumers to make payments in installments without a credit card through the Pix system, aiming to reach 60 million consumers in Brazil without credit cards and lower the barriers for cross-border shopping.
What are the key facts?
- 1Launch of Pix 4x installment payment option
- 2Targeting 60 million consumers in Brazil without credit cards
- 3Supports four bi-weekly installment payments
What happened?
EBANX announced a partnership with Pagaleve to launch Pix 4x, a buy-now-pay-later (BNPL) option based on the Pix system, allowing consumers to split purchases into four installments without needing a credit card, targeting Brazil's large credit card-less consumer base.
What does this mean for cross-border sellers?
Localizing payment methods is key to improving conversion rates in the Latin American market. Cross-border sellers should consider integrating flexible installment payment tools like this in the Brazilian market.