Belvo launches open finance payments solution to help companies leverage Pix in Brazil 

Camila Faria

Camila Faria Content Executive


Belvo launches open finance payments solution to help companies leverage Pix in Brazil 

After receiving authorization from the Central Bank, Belvo has launched its open finance payments solution that helps companies accept Pix payments with a better UX. 

Belvo, the main open finance data and payments platform in Latin America, is launching its payment initiation solution under the scope of regulated Open Finance in Brazil, as a Central Bank-regulated entity

The solution aims to transform the experience of companies accepting Pix, the instant money transfer tool that is consolidated as the most used payment method in the country, with over 26 billion operations in its two years of operation.

With this open finance payment solution, users can initiate Pix payments inside third-party environments with less friction than traditional Pix methods, such as QR Codes or Pix Copy Paste. These improvements ensure improved conversion rates, an optimized user experience, and fraud reduction.

Open finance payment initiation can be applied to several use cases, from e-commerce checkouts to collection flows (such as loan installments), replacing methods such as boletos or BolePix, for example. For these players, the model means having all the conveniences of Pix, such as low cost and immediate liquidation, while ensuring better conversion rates in a solution that’s aligned with the regulatory requirements of Brazil’s Central Bank.

“We are very excited to launch our payments solution in Brazil and offer our customers a product that allows them to leverage the potential of Pix in terms of conversion and convenience,” says Albert Morales, Belvo’s General Manager in Brazil. “Additionally, this open finance payments solution brings to the table an extra security layer due to its account-to-account (A2A) model with automatic redirects, all in an optimized user experience for both customer and merchant, with less operational costs”.

Bipa, a platform for buying and selling crypto coins, is one of the first Belvo customers to incorporate the solution. “ has the goal to streamline the process of buying and selling Bitcoin. With Belvo’s Open Finance payments solution, our customers can top-up their accounts and buy Bitcoin without having to spend time in the usual Pix processes, such as Copy Paste or QR Code, and this favors their user experience in our app,” says Luiz Parreira, CEO of Bipa. 


In addition to offering a smoother flow to the customer, who will complete the transaction in fewer steps and with automatic redirects, open finance payments bring a significant increase in operational security for both client and merchant: along with all the security prerequisites of Banco Central, the solution uses customer authentication methods to initiate the transaction. 

Transforming account-to-account payments in Latin America

After consolidating as a leading open finance platform in Latin America with its data aggregation and enrichment solutions, Belvo has recently doubled its bet to transform A2A payments in Latin America. The company recently launched an open finance-based solution in Colombia aimed at merchants and fintechs to accept Pagos Seguros en Línea (PSE) with a better user experience. Already more than 20K companies in the country accept this A2A payment method – which is overtaking credit cards for online purchases. Now, Belvo expects to further increase its adoption.

These launches are part of Belvo’s commitment to help companies leverage open finance capabilities to help companies connect to the main bank payment rails across Latin America and easily embed payment initiation solutions into their websites and apps with user journeys improved for conversion.

Learn more about Belvo’s Open Finance payment initiation solution.


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