> Brazil introduced Pix in 2019, it's now the most used payment method for all t... | Hacker News

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		carlosjobim 15 days ago \| parent \| context \| favorite \| on: Europe's $24T Breakup with Visa and Mastercard Has... > Brazil introduced Pix in 2019, it's now the most used payment method for all transactions nationwide, ahead of both cards & cash. Is that by volume of transactions or total amount, or both? Cash transactions can of course only be estimated for this statement.

marcosdumay 15 days ago [–]

It took over cash in 2024 by number of transactions. And yes, cash is estimated.

I imagine bank transfers are still the largest payment method by value. Pix is taking over bank transfers, but companies have very few reasons to migrate.

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