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The number of monthly transactions performed with Brazil's Pix were significantly higher than other A2A payment methods elsewhere in Latin America. The Brazilian wallet – developed and moderated by the country's central bank, utilizing a real-time payments rail – was released in late 2020, and saw its number of transactions increase by 300 percent between launch and 2023. It is believed that A2A payments, or account-to-account payments – electronic payments made directly from one party (account) to another while bypassing traditional card rails – are to increase in Latin America. Countries like Peru or Argentina implemented new regulations in 2022 to help expand the new payments type.

Brands with the highest number of A2A payments transactions per month in Latin America in 2023 (in millions)

Characteristic	Monthly transaction count in millions
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Release date

October 2023

More information

Region

Brazil, Chile, Colombia, Mexico, Peru, LAC

Survey time period

October 2023

Special properties

The figures provided have been collected and calculated by Statista from various domestic sources. All figures were reported at various times, and may not be directly comparable. See the “Details” tab for more information; No figures were available for Argentina and Ecuador.

Supplementary notes

The figures provided come from the following sources, and may or may not have been calculated:

Pix (Brazil): Banco do Brasil – monthly number of transactions in September 2023;
MACH (Chile): Ciedess - no transaction figures were available for this payment method. Instead, the number shown is estimated from the following sentence: "MACH posee 3,8 millones de clientes y un 30% ellos realiza transacciones de manera activa" (in English: "Mach has 3.8 million clients, of whom 30 percent actively carry out at a transaction on a monthly basis");
PSE (Colombia): El Heraldo - average number of transactions per month, reported in November 2022;
CoDi (Mexico): Banxico (Banco de México) – monthly number of transactions in September 2023;
Yape (Peru): América Economía - average number of transactions per month, reported in August 2023;
PLIN (Peru): infoMercado - average number of transactions per month, reported in March 2023.

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