Last Thursday (24), a decree published by the Presidency of the Republic instituted PagTesouro, a digital platform for payments and collection of amounts to the Single Share of the National Treasury. Launched in September 2019, the digital payment method seeks to modernize the interaction between government and citizens.
PagTesouro would come as an alternative to the Union Payment Guide (GRU), which is given in the form of a bank slip and is cleared within three business days. Running 24 hours a day, every day of the week, the digital platform would provide instant transactions for a small transaction cost.
When requesting some service at a cost to the Federal Government, such as requesting documents – passport and identity, for example – or payments for registrations for public tenders, citizens may choose to pay via PagTesouro and pay the fees to the Federal Government with a debit, credit or digital wallets with automatic clearing, avoiding delays in clearing and avoiding going to bank branches.
The system will complement the GRU — which will not be discontinued — and will eventually support the PIX as a payment method. Operation costs that may be included in the payment will be informed in advance, and the taxpayer will choose his preferred method.
Initially, only Banco do Brasil customers will be eligible for the novelty and exclusively via credit card. This is due to an agreement between the National Treasury Secretariat (STN), the main responsible for the project, and the financial institution. Once the benefits, practicality and security of the method are established, PagTesouro will be extended to other agencies and citizens of other banks.
According to the decree, state-owned companies interested in integrating with PagTesouro must obtain accreditation with the STN, in which they must meet the integration requirements described in the notice. According to the Federal Government, the system will soon integrate payments from the National Land Transport Agency (ANTT), the Department of Aquaculture and Fisheries (MAPA) and Porto Sem Papel.