Reported about 1 month ago
A recent study indicates that Brazil's instant payment system, Pix, is predicted to overtake credit cards as the dominant payment method in the country's online shopping sector by 2025. Launched in 2020, Pix has quickly gained popularity due to its free and instant transactions, and is expected to capture 44% of the online payment market, while credit cards are projected to hold 41%. Increased financial inclusion and new features being introduced could further boost Pix's usage.
Source: YAHOO