--- title: Pix in Brazil | All about Latam's most relevant payment methods description: Instant payment Pix quickly became Brazil's fastest-rising payment method and completely changed the way Brazilians pay. 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Coverage [Latam](https://international.pagseguro.com/coverage?hsLang=en) [Brazil](https://international.pagseguro.com/brazil?hsLang=en) [Mexico](https://international.pagseguro.com/mexico?hsLang=en) [Colombia](https://international.pagseguro.com/colombia?hsLang=en) [Chile](https://international.pagseguro.com/chile?hsLang=en) [Peru](https://international.pagseguro.com/peru?hsLang=en) Payment Methods [Pix in Brazil](https://international.pagseguro.com/pix-in-brazil-payment-methods) ![Company Icon](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/module-icons/blog.svg) Company The history and the mission of PagSeguro (NYSE: PAGS), our offices, executives, and more about us. [About us](https://international.pagseguro.com/about-us?hsLang=en) [Legal](https://international.pagseguro.com/legal-compliance?hsLang=en) ![Resources Icon](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/module-icons/blog.svg) Resources Free expert content for you to dive into payment trends, market opportunities, and exclusive data. [Blog](https://blog.international.pagseguro.com/?hsLang=en) [Knowledge Hub](https://international.pagseguro.com/knowledge-hub?hsLang=en) [Newsletter](https://insights.international.pagseguro.com/newsletter?hsLang=en) [Payments Glossary](https://international.pagseguro.com/payments-glossary?hsLang=en) [Cases](https://international.pagseguro.com/case-studies?hsLang=en) [Documentations](https://developers.boacompra.com) INSTANT PAYMENT # PIX: INSTANT PAYMENT IN BRAZIL Launched by Brazil’s Central Bank in November 2020, Pix quickly changed the way Brazilians shop and pay online. Leading the payment innovation movement in Latin America, Pix became a fundamental part of Brazil’s payment landscape in less than two years. TALK TO US ![placeholder\_200x200](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/pix-brazil/pix-logo.svg "placeholder_200x200") ![placeholder\_200x200](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/pix-brazil/PIX.svg "placeholder_200x200") ## Brazil's favorite Having already surpassed $124 billion in total transactions, Pix can represent up to 50% of the revenue for select merchants. In e-commerce overall, 15% comes from Pix. Accept the fastest-rising payment method in Brazil with PagSeguro. #### **Truly instant** Pix payments are cleared within seconds, and the money will be available right away #### **Quick and easy** The customer just has to read a QR Code to finish paying at their preferred financial app, at any day and any time #### **Reliable security** Pix keys are individual and fully secured by Brazil’s Central Bank #### **Brazil’s favorite** Accept the payment method used by ~130 million Brazilians, and responsible for 15% of the total e-commerce volume in 2021 - expected to reach 31% by 2025 #### **Massive numbers** Pix moved US$ 80,9 billion in online sales in 2023 #### **Truly Available** Pix is available 24/7, including weekends and holidays #### **Pix’s rise** It’s expected for Pix to reach US$ 163 billion in 2026 #### **Financial Institutions** Over 811 financial institutions are authorized to offer Pix in Brazil ## What are the advantages for the merchants? ![](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/pix-brazil/Finance.svg) #### **Mobile growth in Brazil** Mobile shopping in Brazil plays a role in the entry of new consumers and in the increase of purchases among already traditional e-commerce consumers. ![](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/pix-brazil/People.svg) #### **Access to more shoppers** For merchants looking to attract new unbanked shoppers, Pix is a good opportunity because it is not necessary to have a bank account to use it: the only thing that is mandatory is that their fintech or digital wallet of choice are integrated to Pix. ![](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/pix-brazil/Finance.svg) #### **Faster delivery of products or services** Due to receiving payments in a faster way, it is possible to deliver the product or service to the customer even more quickly. That can have a positive impact on the merchant’s stock management and/or on customer satisfaction with the brand. ![](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/pix-brazil/Extras.svg) #### **Cheaper for both the sender and the recipient** Since the number of intermediaries on the payment arrangement is reduced with Pix, the transaction is cheaper for the merchant and free for its customers. ![](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/pix-brazil/Shopping.svg) #### **Greater checkout conversion** By offering customers yet another payment method during the checkout process greatly increases your chance of them not following through with their purchase.   #### **Offer Brazilians’ favorite payment method** GET STARTED NOW ## How does Pix work? #### **Free of charge** For individual users, Pix transactions are completely free. #### **QR Code** In this case, the individual or company will complete or receive the payment by scanning a QR code created by the receiver. #### **All types of transactions** Any transaction can be done with Pix, independently of its characteristics. It has no minimal or maximal value and always generates a digital receipt for both the sender and the receiver. #### **Strong payment method** Having overcome cards, bank transfers and boletos, Pix is a strong competitor to debit cards and e-wallets. #### **Pix Keys** To make a money transfer or payment, it is only necessary to inform the individual or legal entities’ Pix key, which is a token used to identify their account and can be a phone number, CPF, random number or even an email. ## Related content [![Nova call to action](https://no-cache.hubspot.com/cta/default/19718165/5ae83db5-9da5-4e0f-b9eb-6e6e0cefe933.png)](https://cta-redirect.hubspot.com/cta/redirect/19718165/5ae83db5-9da5-4e0f-b9eb-6e6e0cefe933) ![Pix: understand Brazil's instant payment system](https://international.pagseguro.com/hubfs/boacompra_boacompra_image_402-2.jpeg) [Payments](https://blog.international.pagseguro.com/en/tag/payments?hsLang=en) July 29, 2020 ### [Pix: understand Brazil's instant payment system](https://blog.international.pagseguro.com/en/pix-the-new-instant-payment-system?hsLang=en) Responsible for 15% of the total e-commerce volume in 2021, with expectations to to reach 31% by 2025, implementing Pix is a great opportunity for foreign merchants selling to Latam's biggest market. ![How alternative payment methods can help your business in LATAM](https://international.pagseguro.com/hubfs/Imported_Blog_Media/payments-latam-1.jpg) [Payments](https://blog.international.pagseguro.com/en/tag/payments?hsLang=en) October 9, 2018 ### [How alternative payment methods can help your business in LATAM](https://blog.international.pagseguro.com/en/how-alternative-payment-methods-can-help-your-business-in-latam?hsLang=en) Boleto, Efecty, Via Baloto, Rapipago, PagoEfectivo are some of the local payments in LATAM that international merchants must be acquainted with while making business there. ![Buy Now, Pay Later: everything you need to know about it](https://international.pagseguro.com/hubfs/bnpl%20_blog.jpg) [Payments](https://blog.international.pagseguro.com/en/tag/payments?hsLang=en) October 5, 2022 ### [Buy Now, Pay Later: everything you need to know about it](https://blog.international.pagseguro.com/en/buy-now-pay-later-everything-about-it?hsLang=en) Buy Now, Pay Later (BNPL) has become very popular, especially in the US and Europe. Customers can make a purchase and pay the full amount in a few months.   ## Serve better, sell more GET STARTED NOW ![](https://international.pagseguro.com/hubfs/raw_assets/public/lemonade/images/pagseguro-logo.svg) Solutions [Payments](https://international.pagseguro.com/solutions?hsLang=en) [Payment processing](https://international.pagseguro.com/payment-processing?hsLang=en) [Payout Solution](https://international.pagseguro.com/payout?hsLang=en) [Integrations](https://international.pagseguro.com/integrations?hsLang=en) [Payment Methods](https://international.pagseguro.com/payment-methods?hsLang=en) Value-Added Services [Smart Fraud Prevention](https://international.pagseguro.com/anti-risk-analysis?hsLang=en) [Customer Support](https://international.pagseguro.com/customer-support?hsLang=en) [Industries](https://international.pagseguro.com/industries-payment-solutions?hsLang=en) [Betting](https://international.pagseguro.com/betting-payment-solutions?hsLang=en) [Online Gaming](https://international.pagseguro.com/online-gaming-payment-solutions?hsLang=en) Coverage Coverage [Latam](https://international.pagseguro.com/coverage?hsLang=en) [Brazil](https://international.pagseguro.com/brazil?hsLang=en) [Mexico](https://international.pagseguro.com/mexico?hsLang=en) [Colombia](https://international.pagseguro.com/colombia?hsLang=en) [Chile](https://international.pagseguro.com/chile?hsLang=en) [Peru](https://international.pagseguro.com/peru?hsLang=en) Payment Methods [Pix in Brazil](https://international.pagseguro.com/pix-in-brazil-payment-methods) Company [About us](https://international.pagseguro.com/about-us?hsLang=en) [Legal](https://international.pagseguro.com/legal-compliance?hsLang=en) Resources [Blog](https://blog.international.pagseguro.com/?hsLang=en) [Knowledge Hub](https://international.pagseguro.com/knowledge-hub?hsLang=en) [Newsletter](https://insights.international.pagseguro.com/newsletter?hsLang=en) [Payments Glossary](https://international.pagseguro.com/payments-glossary?hsLang=en) [Cases](https://international.pagseguro.com/case-studies?hsLang=en) [Documentations](https://developers.boacompra.com) CONTACTS [Talk to us](https://international.pagseguro.com/talk-to-us?hsLang=en) ![English](https://international.pagseguro.com/hubfs/flag_USA.png) English [![Español](https://international.pagseguro.com/hubfs/flag_ES.png) Español](https://international.pagseguro.com/es?hsLang=es) [![中國人](https://international.pagseguro.com/hubfs/flag_CH.png) 中國人](https://international.pagseguro.com/zh?hsLang=zh) Copyright 2022 PagSeguro © All rights reserved - PAGSEGURO TECNOLOGIA LTDA. - CNPJ/MF 06.375.668/0001-08 - Av. 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