Pix first-year anniversary | Um ano de Pix
Pix first-year anniversary | Um ano de Pix

The first-year anniversary of Brazil’s instant payment method, Pix

Who would have known that one of the most ground-breaking payment solutions in the world would be developed right here, in Brazil? Pix, a technology created by the Central Bank of Brazil, is now one of Brazilians favorite payment methods and is driving phenomenal change in people’s lives – not only in the way they pay but also in how they manage money and payments altogether.

Catch up on our latest content about Pix

In its first-year anniversary, celebrated on November 16th, the payment method has reached over 100 million users and became the world’s fastest-adopted instant payment system, according to the Central Bank of Brazil.

Pix has also received global acknowledgment as one of the most ground-breaking payment solutions: the instant payment method was awarded at the Fintech & Regtech Global Awards 2021, in the category Payment Innovation.

 

A few astonishing numbers

Pix has changed the way Brazilians manage their financial lives. People who didn’t even own a bank account are now frequently carrying out digital transactions.

Here are 5 astonishing numbers we’ve seen throughout Pix’s first year:

  • 348 million Pix keys have been registered
  • 122 million is the number of Pix users
  • 227 million is the number of accounts using Pix
  • 104 million people have already paid or received payments with Pix
  • 7.9 million businesses have already paid or received payments with Pix

Source: Central Bank of Brazil

 

Pix in Brazilian ecommerce

Over half of Brazilians have already made an online purchase with Pix, as shown by research carried out by PagBrasil and E-commerce Brasil. Among the participants, 55.4% said they have already made an online purchase with instant payment. This is particularly important because 58.9% informed they had given up on purchases because of the lack of payment options, and Pix is helping to reduce that number.

Read also: Research shows that 55.4% of Brazilians have made an online purchase with Pix

 

PagBrasil Pix: instant payment for online businesses in Brazil

PagBrasil Pix can be easily integrated into online stores via API. In addition, PagBrasil Pix is also available in Shopify, VTEX, and WooCommerce integrations.

Want to offer the best payment experience for your consumers in Brazil with Pix? Watch the video below to learn more about PagBrasil Pix and get in touch today!

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