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Brazil’s Pix to overtake credit cards in e-commerce as soon as 2025, study shows

SAO PAULO (Reuters) – Brazil’s instant payment system Pix is seen surpassing credit cards as the leader in the local online purchase market as soon as next year, earlier than initially expected, a new study from Brazilian payments firm Ebanx showed on Monday. Pix was launched by Brazil’s central bank at the end of 2020, quickly becoming one of the most used tools for money transfers or purchases as it offers mostly free and instantly-settled…
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Forbes, the most renowned business and economics magazine in the world. Pix is expected to surpass credit cards as the leader in the local online shopping market as early as next year, earlier than initially expected, according to a study by the Brazilian payment company Ebanx released this Monday. Also read Forbes Money Google digital wallet will allow payments via Pix Forbes Money Why aren't FTX bankruptcy payments satisfyin…

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regionalmedianews.com broke the news in on Monday, September 9, 2024.
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