Brazil's instant payment system Pix set to dominate half of online sales by 2028
Brazil's instant payment system Pix is set to account for 50% of online sales by 2028. This expansion highlights its rapid rise over traditional credit cards.
Insights:
The payments firm Ebanx released a study today forecasting that Pix (Brazil instant-payment system) will account for 50% of the nation's e-commerce transactions by 2028. This rapid growth in the instant-payment system, which is operated by Brazil's central bank in Brazil 
BR, is expected to widen its lead over credit cards and materially change the payment mix in the Brazil e-commerce market. This development underscores the expanding role of a central-bank-operated payment system in the digital economy.
BR, is expected to widen its lead over credit cards and materially change the payment mix in the Brazil e-commerce market. This development underscores the expanding role of a central-bank-operated payment system in the digital economy.
