Brazil’s Pix to Start Enabling Installment Payments in September

Brazil’s instant payment system, Pix, will reportedly allow users to pay for transactions in installments, beginning in September.

The new feature, Pix Parcelado, will be available to both consumers and businesses, Reuters reported Thursday (April 3), citing Brazil’s central bank.

While payers will have the option to pay over time, payees will receive the full payment immediately, according to the report.