The instant payment system adds up to 26 billion transactions since its inception
Pix surpassed the credit card in the number of transactions in the second quarter of this year. second one report released by the Central Bankthe instrument achieved more than 5.4 billion transactions in this period, while the credit card accounted for around 4 billion and the debit card 3.8 billion.
In terms of financial volume, the increase was 27%, for a total of R$ 76.9 trillion. This value is equivalent to nine times the Brazilian gross domestic product (GDP). The data comes from the publication Statistics of Retail Payments and Cards in Brazil, released Tuesday 22 by BC.
The payment and money transfer tool was launched two years ago and surpassed the methods of credit and debit cards for the first time in the fourth quarter of 2021.
Also according to the Central Bank, Pix was primarily responsible for the 40% annual growth in the total number of transactions made last year. As a result, mobile phones have become the primary means of purchasing, accounting for 60% of all payments made in the last year, except for cash.
Financial institutions across the country have felt this difference. Banco Master, for example, has Pix as the most used payment model in its app. “The ease of Pix makes Brazilians prefer to make payments this way. In addition to being fast, it brings reliability,” commented Daniel Vorcaro, president of the bank.
In September of this year, when Pix turned exactly two years old, it reached the R$ trillion mark traded in just one month.
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Source: Terra
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
