Ebanx and Pagaleve offer Pix BNPL installments in Brazil

Ebanx and Pagaleve have formed an ebanx pagaleve pix bnpl partnership in Brazil, using the country’s Pix instant payment system to let shoppers pay for purchases in four biweekly installments. The companies said Tuesday that the Pix 4x product could widen access to installment buying for 60 million Brazilian consumers who do not have credit cards, as well as people whose card limits restrict larger purchases.

The arrangement links Ebanx, a payments company serving global merchants, with Pagaleve, a buy now, pay later provider. According to the companies’ release, the first Pix 4x payment is made at checkout and the remaining payments follow every two weeks.

For merchants, the product adds a card-free installment option to Brazil’s dominant instant payment rail. Ebanx said the partnership makes Pagaleve’s credit tools available to more than 500 merchants in online retail, gaming, social media and online education.

How does Pix BNPL work in Brazil?

Pix is Brazil’s central bank-backed instant payment system, used for real-time transfers and purchases. In the Pix 4x model described by Ebanx and Pagaleve, Pix is used as the payment channel while Pagaleve assesses the shopper for a short installment plan that does not require a credit card.

Pagaleve’s risk engine powers the approval process, according to the release. The company said the system uses machine learning and artificial intelligence algorithms, reviews more than 100 data points and completes an instant credit assessment in under three seconds.

That mechanism is central to the product’s commercial pitch. Installment payments are common in Brazil, but they have often depended on card access or card limits. Ebanx and Pagaleve said Pix 4x is designed to extend those plans to consumers who are outside the credit card system or constrained by available limits.

Sebastian Fantini, director of product at Ebanx, said in the companies’ release that combining Pagaleve’s risk engine, Ebanx’s merchant network and Pix’s reach creates an open BNPL platform for Brazilian consumers. Eduardo Zucareli, Pagaleve’s chief commercial officer, said the model is intended to reduce barriers for consumers without cards and those facing restrictive credit limits.

Why payments firms are pairing Pix with installments

The partnership comes as instant payments and BNPL continue to expand across Latin America. PYMNTS Intelligence, in its report “Digital Developments: Charting Digital Payment Growth in Latin America,” said government-backed systems such as Pix have made instant payments a baseline feature in the region and have helped support payments innovation.

Another PYMNTS Intelligence report, “2026 Global Digital Shopping Index: Merchant Edition,” found that 44% of merchants across Brazil, the United States and the United Arab Emirates reported greater BNPL usage among their customers. The same report said BNPL remains unevenly available, with 51% of merchants offering it.

For global digital merchants operating in Brazil, the Ebanx and Pagaleve tie-up adds a local payment structure that combines real-time settlement infrastructure with short-term consumer financing. The companies did not disclose financial terms of the partnership in the release.

This story draws on original reporting from PYMNTS.