Guides

In Brazil, embracing digital payments has become essential for both convenience and security. Pix, an instant payment system developed by the Banco Central do Brasil (central bank), simplifies transactions across the country. For visitors, this means a seamless way to pay, even in casual settings like street markets.

The Practicality of Pix Over Cash Exchanges for Foreigners/Visitors

Let’s break it down with an example: Suppose you’re transferring $1,000 to Brazil. Using an international service like TapTap Send could yield about 5.08 Brazilian reales per dollar, much better than the 4.77 reales you’d get at a typical exchange booth. This means an extra 310 reales in your pocket—enough for several additional meals at local eateries.

Setting Up Pix as a Visitor

You don’t need to be a resident to use Pix, which makes it ideal for tourists:

1. Choose a Digital Wallet: Apps like PicPay or Mercado Pago support Pix. Download one that suits your needs.
2. Sign Up: Register with just your passport details.
3. Create Your Pix Key: This key, which can be your email or phone number, will be used for all your transactions.
4. Ensure your mobile data is active when you’re out and about, as you’ll need internet access to initiate transactions.
   

How to Fund Your Pix Account

• From Abroad: Transfer money directly into your Pix account using services like Remitly or TapTap Send.
• Locally in Brazil: Deposit cash at lottery stations by paying a boleto generated through your digital wallet app.

Everyday Use of Pix

Pix is particularly handy for small, everyday transactions. If you're buying something like Pamonha from a vendor who announces their goods rather than playing music, Pix allows you to pay quickly using just your phone—no need for cash or change.

Always use the official and verified app versions to avoid scams. Secure your account with strong passwords or biometric authentication to keep your funds safe.

If you set up a temporary account, it’s wise to transfer any leftover funds out and close the account to tidy up your financial affairs.

Keeping Up with Exchange Rates

Exchange rates can fluctuate. Before making any transactions, check the current rates on Sendrater to ensure you get the best possible deal.

Embrace the Ease of Pix During Your Stay

Using Pix allows you to enjoy your travels without worrying about managing cash or facing unexpected banking fees. It’s a straightforward system that can enhance your experience in Brazil, letting you focus more on enjoying your visit and less on financial logistics. With Pix, you're equipped to handle payments like a local, which can make your stay more enjoyable and convenient.