MIÉ 21 DE OCTUBRE DE 2020 - 09:26hs.
New Central Bank payment method

FYMSA estimates that new PIX system will decrease turnover of lottery retailers in Brazil

As it usually does with all current topics of interest to Brazilian society, the prestigious Franco, Yoshiyasu, Maia e Silveira Advogados (FYMSA) law firm presents its first considerations on the effects of PIX, the new Central Bank payment and transfer system. “Lottery retailers, bakeries, post offices, supermarkets, among others, are expected to have a great decrease in the request for financial services,” says FYMSA experts.

With the entry of PIX, the new payment and transfer system of the Central Bank, in November, it is estimated that more than 30 million people will be able to access the banking system, a major step towards the financial inclusion of a large part of the population.

With a smartphone, the PIX will allow the transfer of money and the payment of bills every day of the week, 24 hours a day, without the addition of fees.

As a result, lottery retailers, bakeries, post offices, supermarkets, among others, are expected to have a great decrease in the request for financial services.

Telephone operators and utilities for water, electricity and gas are already making agreements with the Central Bank to allow consumers to pay their bills directly with PIX.

These agreements would eliminate bank slips and, consequently, the expenses with commissions for the establishments that provide these services to the population, which will certainly impact the direct billing of these companies.


FYMSA
Franco, Yoshiyasu, Maia e Silveira Advogados