Brazil · Account Transfer + QR · Est. 2020
Brazil's instant payment system created by the central bank, supporting P2P, P2B, B2B, QR codes, and bill payments. Pix reached 160M+ users within 3 years of launch, making it one of the fastest-adopted payment systems in history. Transactions are free for individuals, settle in under 10 seconds 24/7, and can be initiated via QR code, CPF/CNPJ tax ID, phone number, or email. Pix has largely replaced cash, boletos, and card-based debit in everyday Brazilian commerce.
Pix is Brazil’s real-time payment system (Account Transfer + QR), launched in 2020. Brazils instant payment system created by the central bank, supporting P2P, P2B, B2B, QR codes, and bill payments.
Pix processed 71.3 billion transactions worth $5.0tn in 2025, a year-on-year change of +26.7%.
Pix is operated by BCB, with instant settlement.
Pix launched in 2020, and today has 800 participating institutions.
Pix supports QR code payments, proxy/alias lookup, request-to-pay, ISO 20022 messaging.
Data source: BCB.
| Capability | Status |
|---|---|
| QR Code Payments | ✓ |
| Wallet Support | ◐ |
| 24/7 Availability | ✓ |
| Cross-Border | — |
| ISO 20022 | ✓ |
| Request to Pay | ✓ |
| Open API | ✓ |
| Alias/Proxy | ✓ |