Brazil's online payment market has Pix at roughly 40%+ share, with the remainder split between card installments and account/wallet-based methods. Banco do Brasil, founded in 1808, is one of Brazil's oldest banks and is particularly strong with government-linked customer segments such as civil servants, pension recipients, and agricultural workers. This customer group shows high trust in payments approved through a state-linked bank's screen.

The Banco do Brasil button is an effective touchpoint for merchants offering products linked to government procurement, education and certification services, or serving customer bases with a high share of regional and agricultural-area customers. For merchants centered on younger, metropolitan customers, it may be a lower priority, so it is reasonable to decide on the bank-button combination based on your customer distribution.

When a consumer selects Banco do Brasil at checkout, they are directed to the BB online banking authentication page, and once they log in and approve the displayed transfer details, the payment is completed. The result is notified in real time, allowing immediate order confirmation. Hecto Financial then receives the BRL proceeds, converts the currency, and pays the Korean merchant in whichever currency is specified in the contract among USD, KRW, or JPY.

Using Hecto Financial's integration, a Korean business can consider adopting this bank button without a separate partnership with Banco do Brasil. Given that it is exclusive to BB account holders, we recommend checking your target customers' primary bank distribution before building your bank-button lineup.

• Business registration country

  Confirm whether a contract is possible based on a Korean business entity

• Sales channels

  The integration method and priority vary depending on your online sales channel mix, such as your own store, open marketplaces, or mobile apps

• Product categories handled

  You need to check in advance whether your category falls under an industry restricted by Banco do Brasil's merchant policy

• Local regulatory compliance

  You need to confirm compliance with Brazil's payment and foreign exchange regulations (see official sources below)

Proceeds collected via Banco do Brasil transfers are received in BRL and, after a currency conversion process, settled in whichever currency selected at contract time among USD, KRW, or JPY. Refunds for account transfer methods are processed as a return remittance, and since withdrawal requests may come in under Brazil's CDC 7-day right-of-withdrawal rule, it is advisable to operate a refund policy that specifies a return remittance deadline.

• Banco Central do Brasil (Central Bank of Brazil)Official information on Brazil's payment systems and related regulations. If the content of this page differs from actual regulations, the official source takes precedence.