This. Mercado Pago is also available in Brazil, and it requires you deposit funds in their own account to use.
The thing about PIX most people don't get, including Europeans in this thread, is it integrates into whatever is your bank, so you can use your bank's cashing account to pay, no external app or account necessary.
You can put your credit cards on Mercado Pago and pay with it... But yeah. Before PIX, places were going with PicPay and Mercado Pago world... And Pix just "killed" both overnight lol
The thing about PIX most people don't get, including Europeans in this thread, is it integrates into whatever is your bank, so you can use your bank's cashing account to pay, no external app or account necessary.