Pix on the PicPay credit card saves many people in Brazil during financial hardship. After all, with it you can make transfers via credit card.

In fact, let’s understand more about this financial option. Did you know that Pix is a free transfer tool, managed by the Central Bank? It was announced in 2018.

PicPay is a fintech and a digital wallet. It offers a credit card, but allows the use of any card from any other bank for transactions within the app.

With PicPay it is possible to make transfers (to the app's account or digital wallet). Also, payments, collections and installments of bills and transfers.

Pix on PicPay, then, would be nothing more than using the Central Bank's transfer tool to transfer money to someone.

The big difference is that here the source of money would be the limit on the citizen's credit card, and not the money present in an account or digital wallet.

In this way, Pix is charged directly to the credit card statement of the person who promoted it. This can help a lot in times of financial stress.

Anyone who has a credit card with an available limit and is registered with PicPay.

Registering for the Brazilian digital wallet is free. Therefore, anyone can participate. Also, be aware that the first transactions usually include promotional codes.

That is, they generate cashback (money back) or discounts on transactions. To do this, keep an eye on available coupons.

As for the card, know that it is possible to use it regardless of its brand or the bank that grants it.

Once it is active and has a limit (balance) for use, it is possible to use it to make Pix through PicPay.

One of the great advantages of Pix in Brazil is that it is free for individuals. Its limitations are only in terms of transfer values at night.

However, when Pix is made using a credit card on PicPay, there are fees. They do not arise from the transfer itself, but from the use of the card balance.

Therefore, each Pix transfer made by credit card within this application charges 4.99% in fees on the total amount.

Furthermore, be aware that it is possible to make the transfer in installments. In other words, the Pix goes into the recipient's account, but is paid in installments to the account of the person who promotes it.

In this case, 4.49% of interest will be applied to each of the transfer installments.

MB Way is an ATM application that is available to all individuals residing in Portugal and who have a bank account or credit card.

It is considered to be the inspiration for Pix, as it appeared in October 2015, while the Brazilian version was announced in 2018.

With MB Way it is possible to have access to a series of financial transactions, especially transactions. This way, amounts can be transferred between accounts in just a few seconds.

It is a little more comprehensive than Pix. After all, it does not have its own app and is accessed through bank or fintech apps, such as PicPay.

In the case of MB Way, it is necessary to access the app itself. Within it you can carry out various transactions, namely:

In the case of transactions in physical establishments that take place through MB Way, it is up to the individual to confirm them in the application, which increases their security.

Note, then, that there are more services available than in the case of Pix. On the other hand, this also has its advantages.

The main one is that individuals should not pay fees to make Pix transfers, whether through PicPay or not. Only legal entities can be charged.

MB Way allows free transactions for up to 30 Euros, a maximum of 150 Euros or for up to 25 transfers per month.

Anyone who exceeds this limit then pays for the transfers. Interest applies at 0.2% for debit card transactions and 0.3% for credit card transactions.

Anyone who has an account or credit card from one of the financial institutions that have joined it. Check out what they are:

Just as it is possible to use PicPay to make Pix transfers from your credit card, with MB Way you can make transfers using your account balance (on your debit card) or your credit card limit.

Therefore, the program also creates a series of possibilities for those who need to make financial transactions. It is no coincidence that MB Way is considered the inspiration for Pix.

When we talk about making transfers using a credit card, we are allowing even those who do not have money in their account to make transactions.

After all, in this case it is possible to use the credit card balance. The transfer amount is debited directly from the credit card statement and the recipient receives it immediately.

And finally, if you are looking for interesting credit card alternatives, find out below about two Unibanco card options: Life or Atitude. Click below and check it out!