Pix' transaction count in 2023 was the largest in the peer-to-peer (P2P) and P2B environments, making up 89 percent of the total number of transactions. In May 2023, roughly 1.6 billion P2P transactions were made using Pix. Business-to-business (B2B) Pix transactions - one of the main segments in terms of transaction value - consisted of only 84 million transactions 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.
Total number of Pix transactions processed for payments in Brazil from June 2021 to May 2023, by segment
(in millions)
Characteristic
P2P
P2B
B2P
B2B
P2G
B2G
G2P
G2B
G2G
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Central Bank of Brazil. (June 10, 2023). Total number of Pix transactions processed for payments in Brazil from June 2021 to May 2023, by segment (in millions) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1230158/number-pix-transactions-type-brazil/
Central Bank of Brazil. "Total number of Pix transactions processed for payments in Brazil from June 2021 to May 2023, by segment (in millions)." Chart. June 10, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1230158/number-pix-transactions-type-brazil/
Central Bank of Brazil. (2023). Total number of Pix transactions processed for payments in Brazil from June 2021 to May 2023, by segment (in millions). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1230158/number-pix-transactions-type-brazil/
Central Bank of Brazil. "Total Number of Pix Transactions Processed for Payments in Brazil from June 2021 to May 2023, by Segment (in Millions)." Statista, Statista Inc., 10 Jun 2023, https://www.statista.com/statistics/1230158/number-pix-transactions-type-brazil/
Central Bank of Brazil, Total number of Pix transactions processed for payments in Brazil from June 2021 to May 2023, by segment (in millions) Statista, https://www.statista.com/statistics/1230158/number-pix-transactions-type-brazil/ (last visited August 24, 2024)
Total number of Pix transactions processed for payments in Brazil from June 2021 to May 2023, by segment (in millions) [Graph], Central Bank of Brazil, June 10, 2023. [Online]. Available: https://www.statista.com/statistics/1230158/number-pix-transactions-type-brazil/