PIX, Brazil's instant payment system, has reached a new milestone with over 227 million transactions processed in a single day.
Postada em 28/09/2024 às 05:30
Por Instant Payment
The Central Bank of Brazil has reported a significant increase in PIX transactions, with a record-breaking 227 million transactions processed on a single day. This represents a substantial growth compared to the previous record of 187 million transactions set in December 2022. PIX, which was launched in November 2020, has quickly gained popularity as a convenient and efficient way to transfer funds between individuals and businesses. The system allows for instant payments 24 hours a day, 7 days a week, using only a mobile phone number or QR code. The surge in PIX transactions is attributed to its ease of use, low cost, and widespread acceptance among merchants and consumers. The Central Bank has stated that it will continue to monitor the growth of PIX and implement measures to ensure its stability and security.