- Admin
- #1
Brazil's instant payment system Pix will account for more than 40% of the country's online purchases by 2026, a study by fintech Ebanx released on Thursday showed. That would nearly tie with credit cards as the main online payment method clients use in the country, a market expected to be worth $457 billion in 2026. "Pix revolutionized the payments experience in Brazil," said Ebanx president of global payments, Paula Bellizia, pointing out that 80% of shoppers who purchased something in the past three years from Ebanx's merchants used the tool for their first purchase.