PIX, Brazil's instant payment system, continues to gain traction, with transactions reaching a new record high on Friday, according to the Central Bank.
Postada em 30/09/2024 às 08:44
Por Instant Payment
On Friday, PIX transactions reached a new record high of 227.4 million, according to the Central Bank. This represents a significant increase from the previous record of 215 million transactions set in December 2022. The growth in PIX transactions is attributed to its convenience, speed, and low cost. PIX allows users to make instant payments to anyone with a registered mobile phone number or email address, regardless of their bank. Additionally, PIX transactions are free for individuals, making it an attractive option for both personal and business payments. The Central Bank expects the growth in PIX transactions to continue in the coming months, as more businesses and individuals adopt the system.