The new feature, Pix Automático, is expected to launch in June and will allow users to automate the payment of utilities, streaming services and other recurring bills, and is reportedly expected to draw $30b in eCommerce payments alone to Pix in two years.
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Recurring payments feature to draw $30b in payments to Brazil’s Pix
“This solution streamlines billing processes and subscription payments, reduces friction and enhances payment efficiency, for users and businesses,” Ebanx Chief Product and Technology Officer Fabio Scopeta said at the time in a press release, speaking of Pix Automático.
