Reported 2 days ago
Brazil's Pix payment system is expected to facilitate $30 billion in e-commerce transactions over the next two years with the launch of a new feature, 'Pix Automatico', which automates the payment of recurring bills. This feature, aimed at benefiting streaming services and other online subscriptions, is anticipated to attract new users who might not have credit cards. Since its inception in 2020, Pix has become the preferred payment method for Brazilians, eclipsing traditional credit and debit card usage.
Source: YAHOO