Pix breaks record and reaches 1 billion monthly transactions

Sao Paulo, November 22, 2022 – One of the most revolutionary payment methods in recent years, Pix was widely accepted by Brazilians in a very short period of time, less than two years after its launch. This is what data from Nubank, one of the world’s largest digital financial services platforms, shows. Company data shows that Pix broke a record for activity in the digital bank, reaching 1 billion monthly transactions – in October, 48 million transactions were registered, between entries and exits, in a single day, an 18% increase compared to September and growing above debit and credit cards.

According to data from the Central Bank, in 2021, at least 61% of the adult population already had at least one registered key. With 23% market share in all transfers made via Pix in Brazil, Nubank is also part of 39% of all external operations (between different financial institutions) that use the method.

“Pix has already changed the way Brazilians make payments and transfers. The most interesting thing is to observe the continuous growth, at the same time that technology continues to evolve and expand its possibilities not only for individuals, but for merchants, with online sales and many others”, explains Livia Chanes, leader of Nubank’s operations in Brazil. Regarding the adhesion of Nubank customers with Pix, the executive adds that: “the Pix revolution is to have a fast, simple and cost-free operation for the customer. This premise is totally in line with what Nubank represents to its customers and that is why we position ourselves at the forefront of this service.”

Do you take Pix?
The popularization of Pix can be reflected within Nubank’s portfolio, which offers versatile modalities of the resource such as Pix no Crédito and Pix Programado, which allow customers to pay the amount in installments and also schedule transactions as often as they want. In the month of September alone, the Pix Programado modality reached the mark of 2.7 million operations.