PIX transactions have witnessed a significant increase of 61% in the first half of the year, reaching a total of £29 billion, according to the Brazilian Federation of Banks (Febraban).
Postada em 30/09/2024 às 08:39
Por Instant Payment
The growth in PIX transactions has been attributed to its convenience, speed, and low cost. PIX allows users to make instant payments and transfers between bank accounts using only a mobile phone number or QR code. The service has gained widespread adoption in Brazil, with over 130 million registered users. The increase in PIX transactions is expected to continue as more businesses and individuals adopt the platform. PIX is seen as a key driver of financial inclusion in Brazil, as it provides a convenient and affordable way for people to make payments and access financial services.
