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Total value of Pix transactions processed for payments in Brazil from June 2021 to May 2023, by segment (in billion Brazilian reals)

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Source

Release date

June 2023

Region

Brazil

Survey time period

June 2021 to May 2023

Citation formats

Monthly transaction value of Pix in Brazil 2021-2023, by segment

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 10, 2023

Pix' transactions in 2023 especially took place in B2B and peer-to-peer (P2P) settings, as companies and individuals sent each other money. In May 2023, roughly *** billion Brazilian reals were transferred from person to person (P2P) using Pix. Business-to-business (B2B) Pix transactions amounted to over billion reals that month. Pix is widely regarded as one of the more important instant payment systems - much like UPI in India or CoDi in Mexico - as they are deliberately designed to convert a relatively high unbanked Brazilian population into using more digital payments.

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