The numbers accumulated by Pix, an instant method of payment created by the Federal Reserve (BC), continue to surprise us. The projections indicate that the numbers related to Pix tend to increase, consolidating the method of payment as the most used in the country. The number of users registered to Pix went from 71.8 million in 2021, to 88.7 million last year, showing an increase of 24%.
Among the registered to Pix, 48% complete more than 30 transactions per month; in 2021, they were 27%. The rising trend in the quantity of heavy users of Pix will most likely be emphasized by the implementation of new modalities of instant payment, such as Pix Installments and Pix Withdrawal.
Rodrigo Mulinari, director of Febraban’s Innovation and Technology Committee, observes that Pix registered significant growth in the number of users that make at least 30 instant transactions per month: “the so-called heavy users, both for individual accounts and corporate accounts.”
During the last year, the number of users that completed more than 30 Pix transactions per month increased by 131%, going from close to 20 million in 2021, to around 46 million in 2022. Moreover, the number of money transactions received through Pix has doubled within the same period. In 2021, 16 million users received payments through Pix, this number surpassed 33 million users in 2022.
In regards to the total number of transactions completed through Pix, the volume grew from 5.7 billion in 2021, to over 11.7 billion in 2022. This represents an increment of 105% throughout this period. On the other hand, transactions involving DOC and TEC have decreased by 29% between 2021 and 2022.
Pix is mostly utilized by individuals. This end users’ preference of instant payments has boosted the adherence among corporate users, especially when it comes to money received and payments made, which have grown 94% between 2021 and 2022.
“Ever since Pix became available to the public, the significant volumes of transactions and customers joining the service have proven the efficacy and widespread acceptance of this method of payment. With the expansion of new modalities foreseen in the regulatory agenda, we have assessed that transactions will tend to increase even more and make commerce and services broaden the utilization of the tool as a method of payment,” states Mulinari.
The data was disclosed at Febraban Tech 2023, which took place between the 27th and 29th of June, and are a part of the second volume of the 31st edition of Febraban’s Research for Banking Technology. During the second volume, the data regarding banking transactions and consumer behavior is presented. At this stage, data was collected through an electronic survey, between April and May of 2023. 18 banks answered the survey, which represent 86% of the country’s banking industry assets.
Celcoin’s Pix Solutions
Celcoin allows its clients to offer money transfers through Pix, immediately sending the monetary amounts along with their bank, while also providing the status of each transaction. Through cel_banking, it is possible to integrate different banking services to businesses operating in any segments, so they can offer the best experience possible to end users.
Acting in accordance with Celcoin’s licenses, corporations are able to make and offer Pix Cash-In, Pix Cash-Out, Pix Withdrawal, Pix Cash Back, multiple transfers, bill payments, and much more.