Belvo, a Latin American open financial data and payments platform, is launching its regulated open finance payment initiation solution in Brazil as a central bank regulated entity.
The company says it aims to improve the experience of companies receiving Pix payments, an instant money transfer tool that is consolidated as the most used payment method in the country, with more than 26 billion transactions in two years of operation.
With this open financial payment solution, users can initiate Pix payments directly in third-party environments with less friction than traditional Pix methods such as QR codes or Pix Copy Paste. These improvements ensure better conversion rates, an optimized user experience and a reduced risk of fraud.
Read more: Belvo Open Finance Solution Builds on Brazil’s Pix Offering for Smoother Payments
