Pix revolutionizes financial transactions in Brazil, boosts financial inclusion
Published on: Sunday 17 September 2023
In a significant shift in Brazil's financial landscape, Pix, an instant money transfer tool, has become the most common form of payment by transaction volume, outpacing traditional non-cash methods. Central bank data reveals that Pix accounted for 29% of transfers in 2022 and recorded 153 million transactions totaling R$76 billion ($15.3 billion) in a single day this month. Despite being introduced nearly three years ago, it has already been adopted by approximately two-thirds of Brazil's popula
News source: https://finance.yahoo.com/news/pix-revolutionizes-financial-transactions-brazil-033016901.html
