Brazil’s PIX Outpaces Visa and Mastercard Combined: Here Is How It Happened in Just Five Years

TLDR: Brazil’s PIX recorded 64 billion transactions in 2024, surpassing Visa and Mastercard’s combined volume. Cash usage in Brazil collapsed from 43% to just 6% within five years of PIX’s national launch. PIX charges merchants only 0.33% per transaction, far below the 2.34% fee tied to credit card networks. Stablecoins are emerging as the likely [...]

The post Brazil’s PIX Outpaces Visa and Mastercard Combined: Here Is How It Happened in Just Five Years appeared first on Blockonomi.