According to Thiago Saldanha, Sinqia’s CTO, Pix Saque’s adhesion occurs more quickly, especially in rural cities, where there are not many ATMs. But the exchange option has not yet managed to rank as its peer.
“Pix Saque is gaining popularity, especially in the countryside, where there was not such a large network of establishments or machines for withdrawals and you end up popularizing this service through Pix”, says Saldanha.
The executive highlighted that the same success is not repeated in Pix Troco because in this case the user must carry out an operation with one form of money and receive the amount deducted in another, while in the withdrawal operation the process is simpler.
“The modality with change is more complex, because the consumer makes the payment in cash and chooses to receive the change through Pix and not with physical money, for example. This creates a friction of using two forms of transaction: one goes out of physical money and the other goes back to mobile,” he explained.
“The friction occurs because the merchant has to make the change available through Pix, which for him sometimes may not be advantageous, while the user has to be willing to have this experience of using physical payment with the integrated digital one”, he added.
For the specialist, Pix Troco will represent a small share of use compared to Pix Saque, which should gain more prominence.
“It is natural that Pix Troco is on the sidelines of Saque, because I only see it being used in extreme cases of need, when the establishment lacks change, or the user actually wants digital change”, he concluded.
Questioned by CNN Brasil Business, the Central Bank stated that it “does not have regional data on these modalities”.
How Pix Loot and Pix Swap works
Pix Saque and Pix Troco were implemented on November 29, 2021. The former allows all customers to be able to withdraw money from any point of sale, such as a neighborhood store, bakery or supermarket.
It works like this: the user arrives at the establishment and informs the desired amount for withdrawal. Then, the merchant generates a QR Code, to which the customer points the cell phone screen and makes the Pix. After the transfer, he receives the physical money of the deposited amount.
Pix Exchange works in a similar way. The difference is that the withdrawal is accompanied by a purchase at the establishment, for which the customer can request the change in physical money. Or, as explained by Saldanha, the customer pays in cash and asks for change in Pix. In the end, an extract will prove the transaction, which will be computed by the Central Bank.
Pix map
To locate the establishments that carry out Pix Saque and Pix Troco operations, Fenasbac, in partnership with Pay Ventures and ABFintechs, created a map that shows which locations accept transactions with the tools.
To access, just click on the link available.
To CNN Brasil Business Rodrigoh announced that the site will soon become an app, so that people can see the places that accept Pix Saque and Pix Swap via smartphone more conveniently.
Source: CNN Brasil
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