- Global paytech Boku announced that it is live and transacting with Pix in Brazil.
- Pix is Brazil’s default payment method with more than 150 million Brazilians—approximately 70% of the population—using the technology. Boku was granted its payment institution license from the Brazilian central bank in April 2025, becoming a Regulated Pix Participant.
- Headquartered in London, Boku made its Finovate debut at FinovateEurope 2011. Stuart Neal is CEO.
International local payments partner Boku announced this week that it is live and transacting with Pix in Brazil. Boku secured its payment institution license from the Central Bank of Brazil last spring, allowing the company to enable merchants to access local payments. The default payment method for more than 150 million Brazilians, Pix is used by 70% of the Brazilian population and processes more transactions in the country than both Visa and Mastercard combined.
“Boku is now live and open for business in Brazil,” Boku CEO Stuart Neal said in a statement on LinkedIn. “This is an important milestone for our merchants and for any global business looking for a regulated, scalable route into Brazil. Pix has become a must-have payment method in Brazil, and it also reflects a much bigger shift in global payments. Governments, regulators, and consumers are increasingly backing domestic payment infrastructure that is fast, secure, and built around local needs. That movement towards payment sovereignty is reshaping how global merchants need to operate.”
Via Boku, merchants will be able to offer account-to-account (A2A) payments through the Sistema de Pagamentos Instantâneos (SPI) network to millions of Brazilian consumers. Boku will also support one-time Pix payments, with both local and cross-border settlement. Additionally, the launch will make it easier for Boku to take advantage of future innovations in Pix, such as tokenized recurring payments. In its statement, the company previewed further capabilities including Pix Automatico for recurring payments and Pix JSR which enables Pix without redirection.
“By connecting through Boku, merchants can access one of the world’s most successful real-time payment systems through a regulated partner that understands both global commerce and local payment infrastructure. As Pix expands into recurring payments, cross-border flows, and new credit use cases, Boku is well positioned to help merchants capture the next generation of payment growth in Brazil,” Neal added.
Founded in 2008 and headquartered in London and San Francisco, Boku is an international provider of localized payment solutions. With a global payments network featuring more than 200 local payment methods worldwide, Boku offers digital wallets, direct carrier billing, and both account-to-account and real-time payment schemes that reach more than seven billion consumer payment accounts in 60+ countries. Making its Finovate debut at FinovateEurope 2011, Boku now serves popular brands including Spotify, Meta, Microsoft, Netflix, and Tencent.
Photo by F Cary Snyder on Unsplash
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