PIX is Brazil's instant payment system, created and operated by the Banco Central do Brasil and launched in November 2020. It works 24/7, settles in seconds and is used by the large majority of Brazilians. For brokers and prop firms targeting Brazil, offering PIX usually lifts deposit conversion more than any other change.
·How brokers access PIX
International merchants access PIX through payment providers that collect locally and settle to the merchant in USD, EUR or stablecoins. The provider must accept trading businesses and your company must pass their KYC.
·Deposits and payouts
- Deposits by QR code or PIX key, credited to the trading account via your CRM
- Payouts and withdrawals by PIX, which Brazilian traders expect
- Settlement to your corporate bank or EMI account
·Beyond Brazil
The same approach works for SPEI in Mexico and PSE in Colombia. Plan your LATAM payment stack country by country.
·Get your banking and payments plan in writing
On the $250 Strategy Call we map your markets to the bank accounts, IBANs and payment methods that fit your model, in the right order, with costs and timelines. Credited toward your engagement if you proceed.