Digital: The Future of Payments
In many countries, Digital Payment Methods (DPMs) are already very prevalent, while they are growing fast in others. CMSPI provides Pix, Brazil’s faster payments rail, as a success story on how DPMs have the potential to be the future of payments.
PAYMENT TRANSACTIONS (%)
36%
50%
40%
36%
Launched in November 2020 Pix had a 36% market share of payment transactions in Brazil by Q2 2023, higher than debit and credit cards combined. 9
30%
25%
20%
15% 17%
15%
10%
5%
0%
Q1 2019
Q2 2019
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
Q2 2023
Pix
Prepaid Card
Transfers, Others
Ted, Intrabank
Withdrawals
Direct Deposit
Boleto
Credit Card
Debit Card
9. Pix by the Numbers Q4 2023 (hubspotusercontent-na1.net)
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