📢 Brazil🇧🇷: In 2024, 97% of betting transactions were made via #Pix

📢 Brazil🇧🇷: In 2024, 97% of betting transactions were made via #Pix

A study by fintech Pay4Fun found that Pix, Brazil’s instant payment system, was the most used method for transactions in betting platforms. Far behind were e-wallets (1.47%), bank transfers (1.36%), and the boleto (0.45%), a widely used payment method for bills and online purchases.

🔣 With its widespread adoption in Brazil, Pix transactions in 2024 surpassed $4.5 billion USD, totaling approximately 63.5 billion transactions, according to the Central Bank of Brazil.

🔣 As for optimizing the user experience in the betting sector, a new tool called Recurring Pix is expected to be implemented to facilitate recurring payments.

🔣 Regulatory landscape and market outlook: Despite regulatory challenges, betting operators continue to find it profitable to invest in costly Brazilian licenses. As expected, this trend is here to stay.

#news #Brazil #gaming #betting

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