Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
return to all methods
PIX
PIX is Brazil's real-time payment system, used by over 140 million individuals and businesses. Operated by the Central Bank, it processes transactions 24/7, with over 70% of Brazilians actively using it since its launch in 2020.
Method
PIX
LPM Market Share
70%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
155M
Disbursements
Yes
Yes
Chargebacks
$25.00
Authorization currency
BRL
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Speed: Transactions settle in less than 10 seconds, making it ideal for urgent payments and real-time transfers.
Cost-Free for Individuals: Most personal transactions are free, eliminating traditional bank fees and appealing to cost-conscious users.
Widespread Merchant Adoption: Accepted by over 10 million businesses, ranging from e-commerce platforms to small retailers and service providers.
