On October 28, 2024, Pix Recorrente became a mandatory function for all Brazilian financial institutions that participate in the payment system, as determined by the Central Bank .
Although some institutions already offer the feature, it was optional until the established date. With the new feature becoming mandatory, customers will be able to enjoy recurring transfers with the ease of Pix.
The idea is to facilitate Pix transfers that are repeated periodically, eliminating the manual work for each deposit into a third party’s account . To understand what Pix Recorrente is, how it works and the advantages of using it for financial management, continue reading.
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What is Recurring Pix?
Pix Recorrente, or Scheduled Pix south africa whatsapp number data recurrence, is an instant payment system solution that assists in the payment and frequent transfers of the same amount to the same recipient automatically, such as monthly fees for private classes or allowances, for example.
This way, people and companies can receive amounts through scheduled transactions.
Transfers, once correctly configured by the payer, occur automatically on any day of the week. The recipient will receive instant Pix compensation, regardless of the time
How does Pix Recorrente work?
In this Pix modality, only the payer can weather resistance of the transactions, whether for individuals or legal entities . Therefore, it is possible to perform the configuration if the payer already uses the transaction style previously.
The stipulated transaction values are fixed , and the function is designed for payment of: rent, allowances, and other recurring payments , such as psychologists, gardeners, cleaning staff , etc.
But it is worth remembering that the recipient has no control or cannot send the recurring charge to carry out this transaction . For companies that decide to automate receipts, Automatic Pix will the bst option, when it is officially by BACEN.
What is the difference between Automatic Pix and Recurring Scheduled Pix?
Although they have similar names, there are cn numbers between Recurring Pix and Automatic Pix . The first concerns transactions configured by the payer, who will define the amounts and frequency at which the transaction will occur.
Automatic Pix , also a new feature from the central bank, will only become mandatory in June 2025 , although some financial institutions are already offering this function.