Brazil’s Pix gets contactless payment makeover

The news: Brazil’s central bank launched Pix by Proximity for Android users, per a press release. The feature uses near-field communication (NFC) technology rather than QR codes to enable contactless Pix payments.

It’s available now for Google Wallet users and will come to other digital wallets in February 2025.

Why it matters: The instant payments system is wildly successful.