HomePayment MethodsPix Reaches Usage Records in 2023, Reducing The Circulation of Actual Money.

Pix Reaches Usage Records in 2023, Reducing The Circulation of Actual Money.

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Brazilian Central (BACEN) revealed data showing that in 2023, Brazilians transferred a total of R$17.18 trillion using Pix. Becoming a new payment system record.

According to the BACEN, transfer volumes increased by 57.8% in 2023 compared to 2022, when transactions totaled R$10.89 trillion.

It is vital to know that in 2022, Pix surpassed credit cards as the primary payment method, with a 29% share.

BACEN also stated that Pix met its goal of increasing the digitalization of financial transactions in Brazil and giving banking services to those who were not part of the system.

Another interesting statistic revealed is that the amount of actual money in circulation has decreased significantly in 2023, following an increase in 2020 due to the COVID19 emergency help.

In 2024, the BACEN plans on introducing new capabilities inside Pix, such as automatic and recurring.

Alexandre Pereira
Driving Payment Success with Banks, Acquirers and Card Schemes 🏦💳 | Payments Strategy ♜💡 | Global Cross-Border Payments Expert 🌎 | Payment Partnerships 🤝 | Payment Consulting 📋🎯


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