Historical series Itaú makes Payment Initiation available to over 1 million companies
Itaú becomes the only bank to allow corporate customers to use balances from other banks to make Pix, through the Itaú Empresas application
São Paulo, March 2023 – This month, Itaú Unibanco starts offering the initiation of payments for small and medium-sized corporate clients. The functionality, which has been available to the bank’s individual clients since December 2022, is now available to corporate clients, who gain a simplified journey to transact with their balances allocated in other institutions through a single channel, the Itaú Empresas application.
The new experience allows corporateclients to carry out Pix transactions through the Itaú Empresas application, using balances that the company has available in their accounts at other financial institutions. In this way, in addition to convenience and time saving, customers have the benefit of carrying out all their payment management through a single channel.
“We know that time is valuable for business owners, which is why we seek to simplify even more the daily routine of small and medium-sized entrepreneurs by offering a solution that allows them to manage the financial life of their business in a single place. With Itaú Empresas, we aim to be a great partner to Brazilian entrepreneurs, so we lead initiatives that make the journey of those who own a business easier. Now, besides being able to carry out day-to-day transactions with balances from other institutions, clients also have access to the records of those transactions consolidated in our application,” says Marcos Cavagnoli, Itaú Unibanco’s Digital Cash Management Director.
The initiation of payments will also be available from the Financial Management functionality, which will enable the viewing of balances and limits between Itaú accounts and other institutions, consolidating the management and transfer of balances into a single experience for customers to balance their PJ accounts from different institutions.
With the launch, Itaú becomes the only bank in the market to make payment initiation available to PJ clients. According to Cavagnoli, “the functionality that was first made available to small and medium-sized entrepreneurs should soon be offered to companies of all sizes”.