Discover Key Trends, Hot Topics, and Business Opportunities in the Spotlight at the Event
Money20/20 US 2024 is the most anticipated global gathering for the payments, fintech, and financial services ecosystem. As one of the most significant events in the industry, it draws participation from leading banks, fintech startups, payment companies, and regulatory institutions. Money20/20 has grown in size and influence, positioning itself as the ideal platform for discovering the latest trends, innovations, and strategies that are shaping the future of global payments.
This year’s event promises to be bigger than ever, and PagBrasil will be proudly attending to discuss latest innovations in cross-border payments and how our solutions enable global businesses to succeed in the dynamic Brazilian market. With more than 13,000 attendees expected and over 2,000 exhibitors, Money20/20 US offers unparalleled networking opportunities, educational sessions, and key insights into the trends that will define the future of payments and financial services.
Why go to Money20/20 US 2024?
Money20/20 US 2024 edition will cover forward-thinking discussions that touch on the most relevant topics, such as the impact of open banking, the role of artificial intelligence (AI) in payments and fraud detection, and strategies for improving financial inclusion.
For businesses like PagBrasil, Money20/20 presents a unique opportunity to connect with global partners and showcase how our payment solutions are helping companies grow in the Brazilian market. According to The Global Payments Report 2024, Brazil’s e-commerce market is projected to expand from $95 billion in 2023 to $150 billion by 2027, driven by the use of digital wallets and the rapid rise of Pix, Brazil’s instant payment system. This makes Brazil one of the most promising markets for businesses aiming to expand into Latin America.
Key Trends and Insights: What to Expect at Money20/20 US 2024
1. The Impact of Open Banking on Global Payments
One of the hottest topics at this year’s event will be the growing impact of open banking regulations. Open banking enables financial institutions and fintechs to collaborate and offer new services through API integrations, allowing consumers more control over their financial data. In Brazil, the Central Bank has been at the forefront of driving open banking, promoting financial inclusion by offering secure, accessible, and innovative payment solutions like Pix.
Open banking is reshaping the payments landscape globally by providing personalized services to consumers and reducing the barriers to entry for new players in the financial sector. As outlined in The Global Payments Report 2024, APIs are helping to expand consumer choices and facilitate cross-border payments, especially in fast-growing markets like Brazil.
2. AI in Payments: Driving Innovation and Enhancing Fraud Detection
AI is revolutionizing today’s society—and it’s no different when we talk about the payments industry. AI is making processes faster, smarter, and more secure. In payments, it has the potential to enhance customer experiences, help to prevent frauds, and optimize payment processing significantly. At Money20/20, discussions will focus on how AI is transforming payments by streamlining operations and providing enhanced security measures.
3. The Rise of Digital Wallets, Contactless Payments and A2A transactions.
Digital wallets, contactless payment methods, and A2A transactions are rapidly gaining popularity worldwide, especially in emerging markets such as Brazil. Technologies such as Pix, Brazil’s instant payment system, have been instrumental in solidifying this trend.
Pix is a digital payment system that offers instant, secure, and free transfers 24/7, allowing users to pay with just a QR code or unique Pix key. Today, Pix has over 169 million users and has processed, becoming Brazil’s most popular payment method for both e-commerce and in-store purchases. Businesses have embraced Pix for its lower transaction fees, offering more affordable options to merchants and consumers. On September 6, 2024, Pix set a new record with over 227 million transactions in a single day.
The growth of digital wallets and A2A transactions will be widely discussed at this year’s Money20/20 edition.
4. Financial Inclusion: Expanding Access to Underserved Communities
Financial inclusion continues to be a critical issue globally, and Brazil is making significant progress in bringing underserved populations into the formal financial system. Brazil is undergoing a financial revolution focused on inclusion, with efforts from public and private sectors transforming access to banking. In 2016, only 35% of Bolsa Familia recipients (a social welfare program in Brazil that provides financial aid to low-income families) had bank accounts; today, that figure has risen to 90%, thanks largely to the launch of Pix in 2020, which has accelerated digital payments and boosted commerce across the country.
At Money20/20, discussions will explore how fintechs and traditional financial institutions can further close the financial inclusion gap by offering more accessible, affordable, and user-friendly services to underserved communities. The growth of real-time payment systems like Pix has already shown how digital innovation can transform financial access for millions of people.
Meet us at Money20/20 US 2024
PagBrasil is excited to be part of Money20/20 US 2024, where we’ll be sharing insights on how global businesses can succeed in the fast-growing Brazilian market. Don’t miss out on the opportunity to connect with our experts and learn how PagBrasil’s innovative payment solutions can help your business thrive in Latin America.
Book a meeting with our team at Money20/20 and discover how we can help you navigate the Brazilian payments landscape and achieve long-term success.
