Pix Surpasses 6 Billion Monthly Transactions

Hey Payments Fanatic!

Brazil's Pix payment system processed 64 billion transactions in 2024, marking a 53% year-over-year increase and surpassing combined credit and debit card volumes by 80%. According to Matera's latest Pix by the Numbers report, the system hit a record 252.1 million transactions in a single day on December 20, 2024.

Carlos Netto, CEO of Matera, noted: "Pix has shown the world how instant payments can reshape a nation's payment landscape in just a few years." The report reveals person-to-business (P2B) payments grew 94% in 2024, while B2B payments reached R$1 trillion in December 2024, up 56% from the previous year.

Looking ahead, Pix will introduce NFC tap-to-pay functionality and Pix Automatic for recurring payments in 2025, with the latter launching on June 16th. These innovations aim to further expand the system's capabilities beyond its current 6 billion monthly transactions.

If you’re curious about the latest happenings in Payments, keep reading!

Cheers,

Marcel

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