International paytech Boku introduced that it’s dwell and transacting with Pix in Brazil.
Pix is Brazil’s default cost methodology with greater than 150 million Brazilians—roughly 70% of the inhabitants—utilizing the expertise. Boku was granted its cost establishment license from the Brazilian central financial institution in April 2025, turning into a Regulated Pix Participant.
Headquartered in London, Boku made its Finovate debut at FinovateEurope 2011. Stuart Neal is CEO.
Worldwide native funds associate Boku introduced this week that it’s dwell and transacting with Pix in Brazil. Boku secured its cost establishment license from the Central Financial institution of Brazil final spring, permitting the corporate to allow retailers to entry native funds. The default cost methodology for greater than 150 million Brazilians, Pix is utilized by 70% of the Brazilian inhabitants and processes extra transactions within the nation than each Visa and Mastercard mixed.
“Boku is now dwell and open for enterprise in Brazil,” Boku CEO Stuart Neal mentioned in an announcement on LinkedIn. “This is a vital milestone for our retailers and for any world enterprise searching for a regulated, scalable route into Brazil. Pix has develop into essential cost methodology in Brazil, and it additionally displays a a lot larger shift in world funds. Governments, regulators, and shoppers are more and more backing home cost infrastructure that’s quick, safe, and constructed round native wants. That motion in the direction of cost sovereignty is reshaping how world retailers have to function.”
Through Boku, retailers will have the ability to provide account-to-account (A2A) funds by the Sistema de Pagamentos Instantâneos (SPI) community to thousands and thousands of Brazilian shoppers. Boku can even help one-time Pix funds, with each native and cross-border settlement. Moreover, the launch will make it simpler for Boku to reap the benefits of future improvements in Pix, equivalent to tokenized recurring funds. In its assertion, the corporate previewed additional capabilities together with Pix Automatico for recurring funds and Pix JSR which permits Pix with out redirection.
“By connecting by Boku, retailers can entry one of many world’s most profitable real-time cost programs by a regulated associate that understands each world commerce and native cost infrastructure. As Pix expands into recurring funds, cross-border flows, and new credit score use instances, Boku is properly positioned to assist retailers seize the subsequent technology of cost progress in Brazil,” Neal added.
Based in 2008 and headquartered in London and San Francisco, Boku is a global supplier of localized cost options. With a world funds community that includes greater than 200 native cost strategies worldwide, Boku affords digital wallets, direct service billing, and each account-to-account and real-time cost schemes that attain greater than seven billion shopper cost accounts in 60+ international locations. Making its Finovate debut at FinovateEurope 2011, Boku now serves in style manufacturers together with Spotify, Meta, Microsoft, Netflix, and Tencent.
Picture by F Cary Snyder on Unsplash
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