In November, Pix completes three years. Check out the numbers and what’s to come for 2024!
On the 16th, Pix completed three years since its launch – reaching an undeniable success with 66,5 billion transactions and over 158 million users.
Pix is a free, instant, and easy-to-use payment method – making it more appealing than cash, especially among the highly digitalized and tech-savvy Brazilian population. Over 80% of Brazilians above the age of 10 have access to the internet. This, aligned with the over 160 million smartphone users, fostered the adoption of the payment method.
According to the president of the Central Bank of Brazil, Roberto Campos Neto, Pix boosted Brazilian banking and, at the same time, contributed to the financial inclusion of informal workers. According to a Central Bank report, in 2022, 82% of the Brazilian population already had access to banking services, compared to 57% in 2017.
Pix in 2024: what’s to come
Since its launch, Pix has enhanced with new features such as Pix Saque, which allows users to withdraw cash using Pix; Pix Troco, where users receive the change in cash for payments made with Pix; and Pix Agendado, where users can schedule a Pix payment.
Read also: Pix in 2023: main developments on Brazil’s instant payment
One of the main expectations for 2024 is the launch of Pix Garantido, which will allow installment payments with Pix. Other features include Pix Automático, which will allow recurring payments with Pix; Pix Offline, allowing users to carry out Pix payments without an internet connection; and Pix por aproximação, enabling payments via NFC.
