The service is available to all Paysend sending countries

Paysend and Banco Rendimento teamed up for more affordable money transfers to Brazil via Pix. Source: unsplash.com

Paysend has announced the expansion of its money-transfer services to Brazil with Pix, the instant payment platform created and managed by the Central Bank of Brazil.

Through an existing partnership with Banco Rendimento, a main player in the foreign exchange market in Brazil and a robust Payments structure, Paysend’s users will be able to transfer funds faster, more securely and affordably to Brazil via Pix’s payments infrastructure.

According to central bank data, Pix’s payments volume is already equivalent to 80% of debit and credit card transactions in Brazil and some 30,000 Pix transactions are carried out every minute.

Through its partnership with Banco Rendimento and working with Pix, Paysend is enabling users to make transfers through Pix’s national payment system to bank accounts in Brazil.

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