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PIX Transactions Reach New Heights

PIX transactions hit a record high on Friday, surpassing 227 million


Postada em 28/09/2024 às 05:31
Por Instant Payment

The Brazilian Central Bank (BC) has reported that PIX transactions reached a new record high on Friday, 6th, with over 227.4 million transactions processed. This represents a significant increase from the previous record set in December 2022. The BC attributes this growth to the increasing adoption of PIX by businesses and individuals, as well as the convenience and speed of the system. PIX is a real-time payment system that allows users to transfer funds instantly between bank accounts using only a mobile phone number or QR code. The system has gained popularity due to its ease of use and low transaction fees. The BC expects the growth in PIX transactions to continue in the coming months, as more businesses and individuals adopt the system. This growth is expected to contribute to the overall efficiency and convenience of the Brazilian financial system.