Pix will become the largest payment method in Brazil

In the face of a digital age, it is inevitable that technology is part of our lives. In this sense, technological advances bring news at all times that make our daily lives easier. Therefore, in the context of the economy, the digital economy has been bringing news, such as Pix. The instant payment system is completing a year of implementation and its use is growing exponentially, showing that Brazilians have really adhered to the new modality.

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Pix was a new form of payment implemented by the Central Bank last year. The new method facilitated transfers by allowing them to be made immediately and without charging fees. Therefore, it had great repercussion in the country and is widely used.

In view of this, it was estimated by Carat Insights that Pix will be the most common form of payment in 10 years. In addition to Pix, which will reach 91% of the population, other digital payment methods should also grow. Among them, an adherence of 82% to digital wallets and 81% in QR Code reading is expected.

With the accelerated growth of Pix, new related services are also being considered, such as Pix Saque, Pix Troco, Pix Collection, Pix Internacional and Pix Offline. In this way, these projects should further encourage the Brazilian population to enter the digital economy.

Other payment methods will disappear

With the new forms of payment, other old methods are becoming obsolete and should disappear from the market. In this sense, 60% of Brazilians believe that checks will disappear, while only 27% think the same about TED and DOC.

As far as paper payment is concerned, most people do not believe it will disappear, but 57% think that cash will be the least common. In addition, face-to-face payments at banks and lottery outlets tend to disappear according to the research carried out.

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