Uber Technologies has forged an exclusive partnership with Brazilian fintech unicorn EBANX for processing instant payments in the country.
The Brazilian central bank has recently launched its instant payments system in the country dubbed ‘Pix’.
The platform provides consumers and businesses with 24-hour money transfer services without requiring a credit or debit card.
So far, 72 million registrations for Pix have been opened, which includes 30 million individuals and 1.8 million businesses, the central bank said.
A total of 750 companies, including the ride-hailing giant Uber, also signed up for Pix instant payments services.
Under this partnership, Uber will allow Brazilians to use Pix to pay for their Uber rides and Uber Eats orders, while EBANX, through its subsidiary EBANX Pagamentos, will process these payments.
Initially, they can use Pix to get Uber Cash, and in the coming weeks, they can use Pix to pay for their Uber Eats food-delivery service.
In an email, Uber said that Brazil’s instant payments system will help onboard new clients, especially those who do not use cards.
Uber and EBANX’s expanded partnership for Pix instant payments complements their existing integration for Uber Cash in Brazil.
Uber Brazil general manager Claudia Woods said: “With the arrival of Pix and given the importance of the Brazilian market for Uber, we want to offer a new payment experience to our millions of users that is aligned with the objective to always provide and think of ways to make life easier through technology.
“Pix will play an important role as it will be a more modern payment option in our platform and EBANX will give us the necessary tools for processing these payments safely.”
EBANX CCO Henrik Nilsmo said: “We are happy to partner with Uber for this new payment method, offering more options for Brazilians to enjoy their services, and addressing Uber’s needs of payments, localization and good user experience through our solutions.”
Last month, EBANX unveiled plans to launch its cross-border payments solutions in five additional markets in Latin America.
In the same month, EBANX expanded its operations in Colombia by integrating with digital wallet Nequi and cash-based payment method Efecty.