Released by Brazil’s Central Bank in November 2020, instant payment Pix has been an unstoppable force from the start – in its first month alone, it moved R$ 29 billion. By the first quarter of 2023, Pix represented 35% of all registered payment transactions in Brazil, making it the dominant payment method in the country, and the fastest-growing one.
Now accounting for 17% of all e-commerce payments in all of Latin America, even being a Brazil-only payment option, Pix moved almost R$ 406 billion in online sales in 2023.
In this infographic, we highlight other impressive numbers from Brazil’s payment landscape protagonist and the expectations for Pix for the next few years. Check it out below:
One of the reasons behind Pix extraordinary success is definitely it's easy, agile UX — and with PagSeguro, it's very easy for your Brazilian customers to pay with Pix. Watch our checkout experience with Pix here, and get in touch with us below to start offering Pix to your users right now: