Brazil: Pix market size 2020-2023

Real-time payments using Pix in Brazil were 110 percent higher in 2022 than during the same period one year prior. This concerns overall Pix transactions, both within the SPI as well as outside of it - although, the source mentions the majority occurs within the Instant Payment System. 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.

Value of real-time payments in Brazil with local scheme Pix from 2020 to 2022 (in million Brazilian real, and estimates in U.S. dollars)

Characteristic	Transaction volume in million Brazilian real	Transaction volume in million U.S. dollars
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Release date

March 2023

More information

Region

Brazil

Survey time period

November 2020 to December 2022

Special properties

transactions settled within the SPI (Sistema de Pagamentos Instantâneos, or Instant Payment System) and outside the SPI, referring to transactions settled in the participant's books

Supplementary notes

The figures have been taken from several publications.

Figures on Pix come from the Central Bank of Brazil.

The USD figures have been calculated by Statista, based on Nat/USD annual averages from OECD.

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