As of June 2023, roughly three out of four financial institutions in Brazil using Pix as a payment method were credit cooperatives. The number of Pix-adopting credit cooperatives amounted to 594 as of that point in time. Payment institutions and multiple banks ranked second and third, with 94 and 57 participating organizations, respectively. 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.
Number of financial institutions adopting Pix as a payment method as of June 2023, by type
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Central Bank of Brazil. (June 23, 2023). Number of financial institutions adopting Pix as a payment method as of June 2023, by type [Graph]. In Statista. Retrieved December 20, 2024, from https://www.statista.com/statistics/1230031/number-pix-financial-institutions-type-brazil/
Central Bank of Brazil. "Number of financial institutions adopting Pix as a payment method as of June 2023, by type." Chart. June 23, 2023. Statista. Accessed December 20, 2024. https://www.statista.com/statistics/1230031/number-pix-financial-institutions-type-brazil/
Central Bank of Brazil. (2023). Number of financial institutions adopting Pix as a payment method as of June 2023, by type. Statista. Statista Inc.. Accessed: December 20, 2024. https://www.statista.com/statistics/1230031/number-pix-financial-institutions-type-brazil/
Central Bank of Brazil. "Number of Financial Institutions Adopting Pix as a Payment Method as of June 2023, by Type." Statista, Statista Inc., 23 Jun 2023, https://www.statista.com/statistics/1230031/number-pix-financial-institutions-type-brazil/
Central Bank of Brazil, Number of financial institutions adopting Pix as a payment method as of June 2023, by type Statista, https://www.statista.com/statistics/1230031/number-pix-financial-institutions-type-brazil/ (last visited December 20, 2024)
Number of financial institutions adopting Pix as a payment method as of June 2023, by type [Graph], Central Bank of Brazil, June 23, 2023. [Online]. Available: https://www.statista.com/statistics/1230031/number-pix-financial-institutions-type-brazil/
