Annual number of real-time payments in Brazil in 2023, with a 2028 forecast
Real-time payments in Brazil were predicted to grow by 2028, as instant payments made up roughly 36 5percent of overall payments in 2022. Approximately 41 percent of the overall payments mix in the country - including both cash and cashless - is anticipated to be an instant payment by 2028. The source adds this equals a CAGR of 25.4 percent between the five years under consideration. Brazil rolled out its first instant payment scheme, SITRAF in 2002, Brazil's newest scheme - Pix, launched in late 2020. Many regard this scheme as a potentially important enabler of digital payments for the country's relatively high unbanked population.
