Comment by carlosjobim
15 days ago
> Brazil introduced Pix in 2019, it's now the most used payment method for all transactions nationwide, ahead of both cards & cash.
Is that by volume of transactions or total amount, or both?
Cash transactions can of course only be estimated for this statement.
It took over cash in 2024 by number of transactions. And yes, cash is estimated.
I imagine bank transfers are still the largest payment method by value. Pix is taking over bank transfers, but companies have very few reasons to migrate.