😱 Brazil 🇧🇷: The fast payment system Pix is expected to surpass credit cards next year

😱 Brazil 🇧🇷: The fast payment system Pix is expected to surpass credit cards next year

We love #Pix; it always brings interesting news. This time, a study by consulting firm PCMI reveals that Pix will become the leading payment method in Brazil by the end of 2025.

➡️ Pix is projected to account for 44% of online transactions, surpassing credit cards, which will only reach 41%. Previously, it was believed that Pix would match credit cards by the end of 2026.

➡️The main advantage of Pix is its accessibility for unbanked segments. In 2022, approximately 71.5 millionBrazilians were integrated into the financial system thanks to this innovation. Pix was launched by the Central Bankduring the pandemic, and its popularity has been fueled by COVID-19 restrictions and the growth of retail and tourism.

➡️ For the regulator, Pix is also a valuable tool, as it allows for verifying the buyer's identity in e-commerce transactions without the need for a physical payment terminal.

➡️ In what areas does Pix lag behind compared to bank cards? Primarily in managing customer disputes.

➡️ Despite this, on September 6, Pix recorded 227.4 million transactions, setting a record for the system in a single day.

➡️ In the coming years, the Central Bank of Brazil is expected to introduce new features for Pix, including the option for installment payments and management of recurring payments.

#news #Brazil

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