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The importance of Brazil's relief package in the Enconomy

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Brazil goverment approved a emergency package relieve with partnershipp with Bank Caixa to deliver a lower house approved an emergency salary of 600 BRL for informal workers and disabled people. 


This project should cost the gobverment 43 billions in 3 months and will have a direct impact over 24 millions workers and people. 


This is extreme important in Brazil scenary, since in Brazil estimate to have around 42 million informal works or self-employed people and which largely of this population does not have a bank account. 


Since most of the population in order to receive this relieve allowance will need a bank account, Bank Caixa owned by goverment created a Debit Online Account as a solution. With this debit online the users will be able to receive this relieve package and use in the internet purchases. In other words we are having instead new 24 million "bank" users with power to purchase. 


In this sense Pagsmile connected directly with Caixa and is accepting process the payment trough this online debit card which reaches almost 1/4 of population in Brazil. 


This stimulo will be crucial for many familiy and enconmic during this recession dual the corona virus.  




Alternative Methods in Brazil to boost your Sales

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Pagsmile is a international payment facilitador which helps companies who is looking to enter into Latin America.

Brazil is the biggest market in Latin America and many opportunities await to be explored in this market. 


Brazil have a population over 209 million and with 45 million people without bank account. Means almost 1/4 of Brazillians still use cash as their main payment method during a purchase.  


In this sense Pagsmile developed some unique solutions to improve and make user experience much better when comes to cash payment. 


Bellow we separated 3 solution developed in house:


Fast Boleto


Boleto represent 40% of online sales, is one of the major payment method in Brazil and very popular among the population. The problem of this method is the time of consiliation which takes 2-3 working days to get payment compensated. In this sense Pagsmile developed directly a integration with local banks to make this conciliation time only within 2 hours.  

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Learn more: https://www.youtube.com/watch?v=vOCqKmSla5o&feature=youtu.be


LotoPay


Loterica is a small stores autorized by goverment to make payment of water, eletricity and majority of the boletos. Also is a place where people make purchase of official goverment lotteries. It's extremely popular among the Brazillians and amost every corner in the streets of Brazil have loterica. It's so popular that most of small cities in Brazil relay on those points to make payment intead of the bank. Pagsmile made possible to connect loterica as your point of sales. So end user can generate a order and go loterica to make payment. Compensation within 1 hour. 


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Learn more: https://www.youtube.com/watch?v=piwC0X1zmoA&feature=youtu.be



Deposit / Transfer Express


Deposit  & Transfer Express coveres sales online and offline channels. Users have freedom to choose where he has acess and make a deposit or a transfer. After transfer or deposit been made the payment is confirmed within 2 hours.


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Learn more: https://www.youtube.com/watch?v=NfbNVPceQh4&feature=youtu.be


All these alternatives payment have improve significantly the user experience during process. Which brings the instapayment concept. User no longer need to wait until 2 working days to get their product or service after using cash payment. 

Also with Lotopay Merchants are able to increase points of sales for any product and services by given more acessibility to end users. [


For inquiries send us an email: [email protected]

Central Bank of Brazil step into QR solution creating a standard.

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Couple of weeks ago despite the outbreak of Corona Virus the Central Bank of Brazil has announced a new national QR code standard meant to help make mobile payments more transparent and efficient. Improving the real time transactions and make universal for all plataform the standard.

The financial authority has stated that the purpose of the national QR code standard, which was dubbed BR Code, is to achieve a method of universal usage. The idea is to create a standardization comparable to what exists in conventional payment terminals. Those terminals already accept a number of different types of payment technology, including cards, chips and tags, and even devices. Mean finalliy Brazil will push forward to cashless solutions and make a big jump into digital payment plataforms with instant payment. 

The national QR code standard will also allow the same barcode to be used for a range of purposes.

This unveiling is only the latest in a number recently made by the central bank in the country. In addition to the quick response code regulations, the central bank also launched an instant payments platform in February 2020. All this was a component of a broader innovation program meant to completely update and refresh Brazil’s existing financial system. Brazil fintech industry is largest by far in Latin America and have been catching world attention with some invations companies that became unicorns in recent year. It is a very hot market for fintech industry and still have many opportunity unexplored. 


  


Latest News
  • The importance of Brazil's relief package in the Enconomy
    2020-05-15 04:23:17
  • Alternative Methods in Brazil to boost your Sales
    2020-04-08 01:48:29
  • Central Bank of Brazil step into QR solution creating a standard.
    2020-03-26 09:00:13