Real-time international Pix: how Ouribank's CNR account works

Brazil is the second country with the highest volume of transactions via instant payments, Pix. This is indicated by the study by ACI Worldwide and GlobaData, which points out that there were almost 42 billion transactions of this type in the country in 2023, second only to India. But did you know that it is also possible to make an international Pix?

With the change in legislation and the easing of banking regulations in recent years, Brazil allows specialized financial agents to make instant payments out of the country through a non-resident account (CNR).

Ouribank, a reference in the foreign exchange sector and a specialist in digital financial services, carries out the transaction in a simple and secure way. Pedro Guimarães, head of products at Ouribank, explains that the CNR is nothing more than a mechanism for companies from outside Brazil to make and receive payments in reais. “It's a flexible account and there's no need for a physical presence in Brazil or a locally issued license. You only need a tax identification number to carry out the transaction, which works like a Pix,” he explains.

With easy integration via API or access via internet banking, Ouribank customers are able to make payments in real time, 24 hours a day, seven days a week. “We have an integrated system that allows this agility, without deduction in payments and guaranteeing the rules with Brazilian regulations,” he says.

The users of this type of account are usually companies providing services or selling products based outside the country. There are also payment companies that use the format to simplify the financial flow between individuals who carry out operations such as maintaining residents and transactions for accounts of the same ownership. “Most of the clients are in Europe, China and the United States, reflecting the trade balance figures with Brazil,” says the executive.

More autonomy for business

According to Pedro, with Ouribank's CNR, clients can take the international Pix and gain more autonomy to pay and receive in a way that makes more sense in the context of the business. “The mechanism promotes faster cash flow, as the amount is available immediately and can be used to make other payments, for example. This brings efficiency and security to the business,” he says.

Like Ouribank, international clients are able to manage transactions directly from abroad and win the exchange rate issue by making the transactions in real. “We have all this infrastructure and we have specialized service for carrying out the international Pix,” he concludes.