Ebanx and Pagaleve bring Pix-based BNPL to Brazil’s 60 million consumers without credit cards

Ebanx and Pagaleve have launched Pix 4x in Brazil, letting consumers pay in four biweekly installments through Pix, with the first payment due at checkout. For high-risk merchants, the point is straightforward: this adds an installment option without depending on a credit card, and it plugs into Ebanx’s merchant network across sectors that already live with tighter underwriting and higher chargeback sensitivity.

1. Pix 4x is built around Brazil’s instant payment system, Pix, and allows installment purchases with four biweekly payments, starting with the first payment at checkout. The companies said the product was announced in a Tuesday, July 28 press release.
2. The scheme is aimed at Brazil’s 60 million consumers who do not have a credit card, plus additional customers whose card limits are too low for the purchase. That matters because it turns a card-dependent BNPL flow into something that can work for a much broader addressable base.
3. Pagaleve says the product is powered by its proprietary risk analysis engine, which uses machine learning and artificial intelligence algorithms and runs instant credit assessments in under three seconds based on more than 100 data points. In practice, that is the underwriting layer sitting between merchant approval rates and fraud exposure.
4. The Ebanx partnership connects Pagaleve’s credit intelligence to more than 500 merchants across online retail, gaming, social media and online education. That merchant mix is the part high-risk operators will notice first: gaming is in the stack, alongside other verticals where payment method availability tends to matter more than branding.
5. Sebastian Fantini, Director of Product at Ebanx, said the integration of Pagaleve’s risk engine, Ebanx’s global merchant network and Pix’s ubiquity creates “a truly open BNPL platform accessible to any customer, anywhere in the country.” Pagaleve Chief Commercial Officer Eduardo Zucareli said the model opens the door to consumers without credit cards and those with restrictive credit card limits.

PYMNTS Intelligence has already flagged Pix as part of the “table stakes” infrastructure for digital payments in Latin America, and its 2026 Global Digital Shopping Index: Merchant Edition found that 44% of merchants across Brazil, the United States and the United Arab Emirates reported increased BNPL use among customers, while only 51% of merchants currently offer it. That gap is exactly where payment providers like this try to make their money.