2023-07-31 16:14:00
O PicPay, a digital wallet available in Brazil, announced this Monday (31) that more than R$ 17 million were transacted via Open Finance, a banking system that shares user data between banks, just two months after the launch of the feature in the app ; this amount was transacted through the “Account of Accounts”.
The novelty improves the experience of digital account users by facilitating the sending of money between bank accounts of different banks and financial institutions. The company has 1.5 million users transferring money from other platforms connected to the app and 3 million hits.
economy and market
31 Jul
economy and market
25 Jul
Consents generated via Open Finance through ‘Conta das Contas’ exceed 300 thousand, and daily accesses exceed 100 thousand. The numbers are a reflection of the strengthening of the company’s relationship with its customers and the search for principality, with a robust range of products.
To gather all the accounts in the app, the user just needs to go to Wallet, click on the “+” symbol next to the PicPay tab, where it appears with the balance, and connect the account they want. With this, you will be able to use your balances from other institutions to make transactions within PicPay in a much easier way (know more).
“Shortly after inserting the new dynamic into the core journey of our app, we started reaping the rewards and consolidated ourselves as the number 1 in payment initiation. It is no coincidence that we recorded more than 185,000 transactions via Open Finance — more than 80,000 in the ‘Conta das Contas’ — and we have evolved in our goal of making PicPay the main financial application for our customers”, says Pedro Romero, Director of Services PicPay Financial Services for Individuals.
inactivity rate
PicPay recently changed its terms of use by adding a new inactivity fee to the text that will be charged to the user if there is no movement in the account within a 12-month period. The amount of BRL 10 per month will be debited from the account only if there is a balance, so there is no way to be negative with the company.
In response, PicPay says that charging a fee for inactivity is a normal market practice to reduce expenses with out-of-use accounts. Read the company note below:
PicPay clarifies that charging a fee for inactivity is a market practice applied in situations where the customer has not used or opened the application in the last 360 days. The measure is contemplated in the terms of use of PicPay and it is a mechanism used by institutions to reduce costs with accounts without movement. The company also reinforces that the charge is conditional on the balance in the user’s account and, therefore, will not be configured as a debt to the customer.
PicPay – Payments and Recharges
Developer: PicPay Apps
Free – offers in-app purchases
Size: Varies by device
Have you used this news released by PicPay? What do you think of Open Finance? Tell us, comment!
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