TrustPay Enters Brazilian Market with Partnership with BoaCompra by PagSeguro

The online payment solutions provider Trustpay has announced a new partnership with BoaCompra by PagSeguro that will help the company unlock the Brazilian market.

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Thanks to this new partnership, TrustPay will add two popular Brazilian payment methods Pix and Boleto to its portfolio.

PIX is a payment method for instant direct bank transfers, which is built and owned by the Central Bank and operated by the Brazilian banks, digital accounts, and wallets. Paying with Pix is quick and easy: users simply scan a QR code or use the receiver's Pix key. Payment is confirmed instantly, which means the amount becomes available in your account in under 10 seconds.

Boleto is a popular Brazilian cash-based payment method with a 15% market share. It is a printed or virtual voucher with a barcode, payment details, and customer information. Boleto means 'ticket' and is a Brazilian cash payment method. With over 40,000 processing locations across Brazil, Boleto is a widely accessible payment method for sending and receiving money.