Pix Evolution and Implementation
SUMMARY
PRESENTATION
IDEALIZATION
EVOLUTION
NUMBERS
FUTURE
Chart 3.3.7 - Merchants that have already sent or received payments via Pix
3.7
# of transactions
(millions)
14
Chart 3.3.9 - Economic sectors (CNAE) that sent payments the most via Pix
% of transactions
11.7
11.2
10.6
11
52%
10.0
9.4
8.8
8.2
7.6
6.9
6.1
5.1
8
3%
4%
1%
6
24%
36%
3%
7%
9%
23%
5%
6%
3
5%
1.1
1%
8%
0
nov
nov jan
mar
may
jul sep
nov
2020 2021
jan mar may
2022
jul
sep
nov
jan mar may
jul
sep
nov
2020
2021
jan mar may jul sep
2022
nov
Food
Payees
Payers
Total users (merchants)
Source: BCB
■IT
■Retail businesses
Administrative and office services
Auxiliary activities of financial services and others
■Overall commerce and auto repair
■Other professional, scientific and technical activities
■Construction
Others
The companies that used Pix the most for receiving payments, according to their
classification in the CNAE27, are mainly retailers and, to a lesser extent, from
office services and administrative support, professional activities, scientific
and technical non-specified activities, food, and financial services, such as
insurance and private pension funds (Chart 3.3.8). The companies that made
payments the most through Pix are, again, mostly retailers, demonstrating
that retail trading has been intensively using Pix for making and receiving
payments. (Chart 3.3.9).
Chart 3.3.8- Economic sectors (CNAE) that received payments the most via Pix
% of transactions
Source: BCB e IBGE
3.4 Participants
Pix is an open ecosystem that allows the participation of different types
of financial firms and payment institutions. Despite the large number of
participants since its launch, with the vast majority being optional participants 28,
the participation in Pix, continues to grow gradually among various segments,
ending 2022 up with 795 institutions (Chart 3.4.1).
42%
4%
6%
5%
29%
21%
12%
11%
3%
33%
2%
5%
7%
2%
6%
8%
nov
jan mar
may
jul
sep
nov
2020
2021
jan mar may jul
2022
sep
nov
Food
Auxiliary activities of financial services and others
■IT
■Retail businesses
■Overall commerce and auto repair
Wholesale businesses
■Other professional, scientific and technical activities Administrative and office services
■Others
Source: BCB e IBGE
27 National Classification of Economic Activities. More information at https://concla.ibge.gov.br/concla.html.
28 According to article 3 of BCB Resolution 1, financial firms and payment institutions that provide transactional accounts and that have less than
500,000 active customer accounts are allowed to join Pix.
Chart 3.4.1-Active Participants
742
742
748
757
765
763 763
780 780
779
776
784
# of
participants
815
798
795
781
764
747
25
730
nov jan
2020 2021
mar may jul sep nov jan mar may jul sep nov
2022
Source: BCB
In addition to credit cooperatives and multiple or commercial banks, payment.
institutions (IPs) are also among Pix participants (Chart 3.4.2), including those
that have not yet reached the parameters to apply for authorization to operate
with the BCB. The offering by different types of participants has contributed
to the large scale use of Pix, to provision of specialized solutions in certain
niches in the society and to the democratization of access to electronic means
of payment. The trend is that the number of participants will continue growing
in the coming years, further fostering competition in the ecosystem.View entire presentation