Most people are used to paying bills online via official websites or apps. But one in three people over the age of 65 is still used to writing checks and mailing them to pay bills for water, electricity and so on. Online payments have become simple and secure. Here’s the safe portal you need:
Scenario 1: The use of Boleto by unbanked people 1. Farmer wants to buy a television; 2. He logs on the e-commerce and chooses the TV; 3. He selects Boleto as Payment Method; 4. At the same moment the e-commerce generates the Boleto; 5. The farmer prints the document; 6. He takes the Boleto and goes to the nearest branch, lotto or
· The word Boleto literally means a ‘ticket’. This payment method is regulated by the Brazilian Federation of Banks and is used for utility payments, rent and now eCommerce. It is a push-payment, which relies on the consumer initialize the payment action. The process is similar to the process of paying with a bank wire.
The payment process for boleto bancário transactions is similar to that of wire transfer or cash payment methods. Customers are provided with a prefilled boleto bancário payment slip. At this point, the customer has the option of printing the form and paying it physically at any bank branch or at authorized processors such as drugstores, supermarkets, lottery agencies and post offices.
Boleto. Boleto bancário is Brazil’s most popular cash-based payment method that is virtually fraud-proof. The payment method generates over 3.7 billion transactions per year and dominates 25% of all online payment transactions.