Pix is a Brazilian bank-transfer payment method, created in 2020 by the Central Bank of Brazil (Bacen). Described as revolutionary, it enables any citizen with a deposit, savings, or prepaid payment account to make payments and transfers in a few seconds, at any time, 365 days a year.
750 institutions authorised by Bacen – with over 500,000 active customer accounts – must participate. Within 15 months over 12.4 billion transactions were carried out and 9.1 million companies had signed up (BC). By April 2022 Pix accounted for 11.5% of all e-commerce payments in Brazil.
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