Brazil’s United States Embassy and Consulates have formally began a easy method to pay visa software charges by including Pix as a fee possibility.

This fee technique was first launched in March of this 12 months. Because the authority explains, the approval instances take as much as an hour. Nonetheless, candidates nonetheless have the selection to pay with a bank card or money, VisaGuide.World studies.

This innovation displays our ongoing dedication to bettering companies for Brazilian visa candidates.

Information offered by the Embassy has additionally revealed that between January and March 2024, the US processed 20 p.c extra visas in Brazil than a 12 months earlier, reaching over 340,000 visas in three months. The identical authority additional identified that final 12 months, a complete of 1.125.000 million visas have been issued to Brazilians.

Furthermore, Brasilia’s Visa Offsite Facilitation Heart (OFC) has relocated to Brasília Worldwide Airport – President Juscelino Kubitschek. The OFC is essential for smoothing the visa software course of and dealing with duties corresponding to passport assortment and biometric knowledge gathering.

Pix Exceeds Card Transactions in Brazil

Pix, the fast fee system, has turn into tremendous fashionable in Brazil. Based on central financial institution knowledge and the trade group Abecs, it grew by 74 p.c final 12 months, reaching almost 42 billion transactions throughout the nation. This surpasses mixed credit score and debit card expenditures by roughly 23 p.c.

Pix’s simplicity is interesting to consumers, who can seamlessly scan QR codes utilizing their banking apps as a substitute of fumbling with money or playing cards. However, for sellers, Pix poses a big shift within the worthwhile card funds trade.

A Third of Transactions in December 2023 Utilized Pix, Surpassing Credit score Playing cards

Particularly on-line, Pix is taking off. In December, a few third of all purchases have been made utilizing Pix, primarily based on an organization referred to as Neotrust. In the meantime, bank card purchases went down by 5 p.c.

Companies additionally profit from Pix’s cost-effectiveness, with a mean transaction payment of 0.22 p.c, considerably decrease than debit and bank card charges. Brazil’s central financial institution mandated Pix’s implementation in November 2020, facilitating fast digital transfers for people freed from cost.

Furthermore, Pix’s adoption has expanded past particular person transactions to incorporate funds between individuals and companies (P2B). The central financial institution studies a powerful enhance from 5 p.c to 38 p.c in P2B transactions since Pix’s inception, indicating its transformative affect on Brazil’s fee panorama. Notably, Pix facilitated the switch of a staggering 17 trillion reais ($3.4 trillion) in 2023 alone.