Pix goes live: updated numbers on the new instant payment method in Brazil

After much anticipation, Pix – Brazil’s instant payments platform developed by the Central Bank of Brazil – has gone live for the entire Brazilian population. The new payment method allows immediate money transfer, 24 hours a day, 7 days a week, including weekends and holidays.

By the 3rd  of December, the Central Bank of Brazil had registered over 100 million Pix keys. Now, 60% of Brazilians already prefer Pix over TED (Express Wire Transfer) and DOCs (Credit Transfer Document), according to a research carried out by C6 Bank and IBOPEdtm. Further, 91% already know about Pix and find the new payment method safe.


By Ralf Germer via Paypers


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