Pix achieved the milestone of 3 billion monthly transactions in March, up from a previous record of 2.8 billion by the end of last year.
Pix is a constantly-evolving product, with new features being recurringly rolled out. What is next for Pix this 2023?
Transfeera, a banking-as-a-service provider in Brazil focusing on B2B transactions, raised $ 1.3 million this month in a series A round.
A survey by Fiserv indicate the growing use of modern payment methods in Brazil such as Pix, QR codes and online shopping.
The president of the Central Bank of Brazil announced Pix protocols would be made available to other regulators.
According to Belvo, the new product will function as a gate for users to initiate payments directly inside third-party apps.
Companies served by EBANX can now offer consumers the ability to pay for online purchases with PIX directly through the checkout.
The co-founder and head of Pix, Brazil's instant payment tool, talks about how the Central Bank was able to achieve a scale of around 130 million users in just two years.
Pix has led to a dramatic acceleration in financial inclusion, Carlos Brandt, head of Pix at the central bank, said at Fintech Nexus LatAm.
As digital banking moves forward, Brazil's fintech sector will incur higher cybersecurity spending following greater risks.