Over the past three years, Wire Transfer Available, or Transferência Eletrônica Disponível (TED) in Portuguese, has been the payment method responsible for the highest transaction values in Brazil. However, Pix, the payment system developed by the Central Bank of Brazil, has grown rapidly and, by 2024, ranks second in terms of financial volume, surpassing traditional bank transfers and card payments.
Leading payment methods in Brazil in 2nd quarter 2022, 2023, and 2024, by transaction value
(in million Brazilian reals)
PIX is a fast and convenient payment system in Brazil, enabling individuals and businesses to transfer money instantly, 24/7, including weekends and holidays. Developed by the Central Bank of Brazil, it gained popularity due to its free use for personal transactions. Users only need basic information, such as a phone number, email, or a unique code (known as a "PIX key"), to send or receive money.
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Central Bank of Brazil. (September 13, 2024). Leading payment methods in Brazil in 2nd quarter 2022, 2023, and 2024, by transaction value (in million Brazilian reals) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1300157/e-commerce-payment-methods-brazil/
Central Bank of Brazil. "Leading payment methods in Brazil in 2nd quarter 2022, 2023, and 2024, by transaction value (in million Brazilian reals)." Chart. September 13, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1300157/e-commerce-payment-methods-brazil/
Central Bank of Brazil. (2024). Leading payment methods in Brazil in 2nd quarter 2022, 2023, and 2024, by transaction value (in million Brazilian reals). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1300157/e-commerce-payment-methods-brazil/
Central Bank of Brazil. "Leading Payment Methods in Brazil in 2nd Quarter 2022, 2023, and 2024, by Transaction Value (in Million Brazilian Reals)." Statista, Statista Inc., 13 Sep 2024, https://www.statista.com/statistics/1300157/e-commerce-payment-methods-brazil/
Central Bank of Brazil, Leading payment methods in Brazil in 2nd quarter 2022, 2023, and 2024, by transaction value (in million Brazilian reals) Statista, https://www.statista.com/statistics/1300157/e-commerce-payment-methods-brazil/ (last visited November 24, 2024)
Leading payment methods in Brazil in 2nd quarter 2022, 2023, and 2024, by transaction value (in million Brazilian reals) [Graph], Central Bank of Brazil, September 13, 2024. [Online]. Available: https://www.statista.com/statistics/1300157/e-commerce-payment-methods-brazil/
