Belvo Introduces Biometric Pix To Enhance Digital Payments

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Belvo, a top Open Finance provider in Latin America, has revealed the launch of Biometric Pix. The company said this new payment feature would improve security, speed, and ease for users and businesses in Brazil.

Biometric Pix, created by the Central Bank of Brazil, had been tested for a long time with many financial groups and payment firms. Belvo said it followed all rules set by the central bank before introducing the feature.

Biometric Pix Brings Faster And Safer Payments To Users

Belvo reported that Biometric Pix allows people to confirm payments using a fingerprint or face scan on their devices. The company said this process removes the need for passwords or banking apps while reducing fraud and keeping transactions safe.

According to Belvo, Biometric Pix could improve payments in different areas by making them faster and more secure. The company explained that stores could use it for purchases without cards or passwords, and online shops could offer quick checkouts.

Belvo noted that loan payments would be easier for people paying in parts, while gaming and betting firms could use it for safe deposits and withdrawals.

The firm reported that Biometric Pix now works with mobile wallets, letting users tap their phones to pay at stores like they would with a bank card. Moreover, online payments would only need a single click instead of QR codes or copied payment details. The company stated that these changes would speed up and simplify transactions.

According to Belvo, Biometric Pix makes bank payments even easier by letting users link their accounts safely. It said once a person sets up the feature, payments would only need a fingerprint or face scan, removing the need to enter details or sign into banking apps.

Belvo Expands Payment Solutions With Biometric Pix Integration

Albert Morales, General Manager of Belvo in Brazil, shared that Biometric Pix was an important step for digital payments. He said the new feature would make payments safer and smoother for both businesses and customers.

Belvo explained its system allows companies to use Biometric Pix without needing advanced technology. It stated businesses could add the feature quickly by using its regulated services.

The company reported OneKey Payments was the first to use Biometric Pix. It noted OneKey had already worked with its Open Finance Pix and was now improving instant payments for customers and sellers.

César Garcia, leader of OneKey Payments, said the new payment tools were important for giving users the best service. He said Biometric Pix was a strong step in security and ease, and the company was happy to be an early user of the feature.

Belvo stated that the new launch came as Pix payments grew, helping sellers, online platforms, and financial services improve transactions. The company would keep working on new ideas to bring safer and better payments to the Open Finance market.

About Ali Raza PRO INVESTOR

Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master's degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Invezz.com, Business2Community, BeinCrypto, and more.