Business

Third largest Brazilian bank, Banco do Brasil now allows QR Code payments

The QR Code free solution is available in the Ourocard app for purchases on POS by Cielo, a Brazilian acquirer

Banco do Brasil facade
Banco do Brasil branch facade. Photo: Shutterstock
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  • The new feature is available on Cielo POS;
  • The contactless solution will help Brazilians during coronavirus pandemic.

The third largest Brazilian bank, Banco do Brasil is now allowing its customers to pay with QR Code. The new feature is available on Cielo POS.

In a press release, Banco do Brasil said it’s a solution to offer more security to individual and corporate customers at this time to combat the coronavirus in Brazil. The novelty is available through the Ourocard app for cards of all flags issued by BB.

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According to the bank, the free solution is initially available for purchases using the credit function (in cash or in installments). When paying with a QR Code, the user must type the password on the cellphone itself. The password is required in transactions starting at BRL 50 ($8,50).

We are experiencing a time of behavior change, and the way of making payments is also changing. BB follows these changes and offers several contactless payment solutions, such as digital wallets, Ourocard bracelet and Ourocard Visa, which has embedded contactless technology. The QR Code solution completes this list of options.

Edson Costa, director of payment methods from BB