Pix, the epayment system revolutionising Brazil

A customer pays by contactless payment at a vegetables stall at the street market in Sao Paulo, Brazil. Today, Pix instant transfers are so ubiquitous, Brazilians use them tens of millions of times a day, for everything from paying the rent to buying groceries to giving money to beggars on the street. — AFP

SAO PAULO: When Brazil’s central bank announced in 2020 it was launching a free electronic payments system called Pix, many people had no idea what it was talking about.

Today, instant transfers are so ubiquitous, Brazilians use them tens of millions of times a day, for everything from paying the rent to buying groceries to giving money to beggars on the street.