OpenPayd announces real-time payment capabilities via Pix

The global nature of the digital economy requires a robust international infrastructure for companies with strong growth ambitions. Therefore, OpenPayd provides its customers with a global suite of embedded financial infrastructure through a single API. Customers can easily embed payments, multi-currency accounts and foreign exchange services into their own platforms, shifting banking and payments from a cost center to a revenue generator.

Pix was designed to address the challenges posed by the Brazilian banking sector’s traditional money transfer methods, which incur high transfer fees, are limited by settlement time, and are limited to operating hours on working days. In contrast, local Pix payments are available 24/7 and are a much cheaper and more reliable option for businesses and consumers alike.

Since its launch in 2020, around two-thirds of Brazil’s population have used Pix to make and receive payments. Today, it is one of the most widely used real-time electronic transfer systems in the world, after India’s United Payments Interface.

“Brazil is positioning itself as a global leader in digital financial transformation and we are ensuring our customers can be part of it. In May 2024, over 5 billion Pix transactions were processed, showing the scale and demand for real-time payments in the LATAM market,” said Mert Aslaner, Head of Product at OpenPayd. “Access to the largest payment channels in the world ensures our customers’ payments are as comprehensive and agile as they come.”

OpenPayd will continue to expand its access to local and international payment channels to support its mission of driving the growth of the digital economy. Today, OpenPayd customers can send and receive payments in over 190 countries and territories through a single API or through the online platform.