Payment Anatomy
A PIX instant payment in Brazil
Brazil's central bank instant payment system processes a transfer in under 2 seconds, 24/7/365.
Payment instruction via PIX key or QR
SPI message to BCB
Settlement confirmation
Credit notification
Fun Fact
PIX processes over 150 million transactions per day, making it one of the most used instant payment systems in the world. It's free for individuals by central bank mandate.