Caixa Econômica starts offering payment installments via Pix

Caixa Econômica is offering individual customers the possibility of paying in installments for transfers and payments made via Pix. The new functionality, announced on Thursday (3), is available for transactions made directly in the bank's application.

The measure is carried out through credit contracting, at the time of the transaction. Caixa already offers other tools such as Pix Scheduling, Automatic Pix, Pix by Approximation via Google Pay.

The public bank informed that for customers with an available limit, contracting amounts vary between R$300 and R$50 thousand, with a payment term of up to 12 months and interest rates depending on the relationship with the bank.

The operation conditions are available on the bank's application. The customer can complete the transaction and carry out the Pix transfer with authentication, but it is necessary to update the Caixa application to the latest version.

"Before confirming the operation, the customer views information on the interest rate, value of the installments, CET [Total Effective Cost] and IOF, being able to compare and transparently evaluate the impact of the operation on their budget. The credit line is made available through a risk analysis carried out by Caixa and depends on the existence of a limit available for contracting", informed the bank.