Spotify Brazil has announced the addition of PIX, the most used payment method in the region, as a payment method for Spotify Premium.
This expansion of Spotify’s payments service aims to simplify access to on-demand, ad-free offline music streaming in Brazil. This allows users to pay once and recharge whenever needed without auto-renewal.
PIX payment for Spotify users
To use PIX as a payment option, you need to do the following:
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Select a prepaid, one-time payment format.
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Select the applicable premium plan from Individual, Duo, Family, or Student.
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Defines the number of months of subscription to consider for purchase, either 1 month, 3 months, 6 months, or 12 months.
Additionally, the company’s announcement details that, in addition to PIX, Brazil-based Spotify users can now use credit or debit cards, gift cards, and boleto bancário.
Commenting on the announcement, Spotify’s Latin America general manager Mia Nigren said the company was “thrilled to integrate Brazil’s most popular payment methods as payment options for Spotify Premium,” according to the Central Bank of Brazil. there are,” he said. Subscriber. A company spokesperson said this is in line with Spotify’s goal of providing the best possible audio streaming experience, regardless of users’ needs.
Since its launch, PIX has helped transform the way Brazilians perform fast and secure digital transactions.
PIX is a Brazilian IP scheme created by the Central Bank of Brazil within the Brazilian Instant Payments (IP) ecosystem to enable users (individuals, businesses, government agencies, etc.) to send and receive payment transfers in seconds. Any time, including holidays.
In addition to improving convenience for users making payments, PIX is promoting the following initiatives.
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Lower financial costs, better security, better customer experience.
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Digitalization of the retail payment market.
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Increase market competition and efficiency.
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financial inclusion.
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And to fill the shortage of retail payments available to Brazilian citizens.
Spotify’s past developments around payments
Apart from the recent addition of PIX as a payment method for Brazilian users, Spotify has made two developments around payments throughout 2022. At the end of March, the music streaming service announced a partnership with Google to introduce user-selected billing.
In January of the same year, the company announced a partnership with Stripe, then leveraged its fintech payment infrastructure to enable podcasters to accept payments in a simplified way and ensure revenue.
