Pix Evolution and Implementation
SUMMARY
PRESENTATION
IDEALIZATION
EVOLUTION
NUMBERS
FUTURE
Idealization and Implementation
Chapter 1 reflects on the reasons that led the BCB to develop a payment solution that represents the achievement of several
public objectives, promotes greater efficiency and greater competition in the Brazilian Payments System (SPB) and generates
value for society. With this in mind, the chapter highlights the gaps present in the means of payment available in Brazil prior
to the launch of Pix; how Pix is inserted in the context of technological transformation experienced by individuals, companies
and governments; the influence of international experiences on the construction of the Brazilian solution; and the details on
the design, implementation, and on the launching process of Pix.
Pix evolution in the 2021/2022 biennium
Chapter 2 dives into products, functionalities and initiatives that were developed and launched throughout 2021 and 2022. The
chapter highlights some of the functionalities developed to enhance the user convenience, the future dated billing solution,
the launch of Pix Withdrawal and Pix Change, the development of new security measures and the introduction of payment
initiation service providers on Pix transactions, in addition to improvements to other rules.
Pix in Numbers
Chapter 3 presents data on Pix usage, including transaction statistics, Pix aliases, users, participants and the retail payments
market. This chapter also presents some curiosities about Pix: would you guess the highest value of a Pix transfer ever made?
PRESENTATION The Future of Pix
This report addresses the reasons that motivated the development of Pix, shares the path taken to launch
it and the challenges faced to provide society with a democratic, safe and innovative means of payment. In
addition, as a way of ensuring transparency with regards to the actions of the Central Bank of Brazil (BCB)
and accountability to society, the report describes how Pix is inserted in the context of the technological
revolution and the strategic agenda of the BCB; presents its objectives and main deliverables; and consolidates
and presents statistical data on Pix usage, from its launch until December 2022. The report also highlights the
actions that will be developed over the next few years to improve the features and products now available
and to create new features and new products that expand the use cases covered by Pix.
The Pix Management Report is structured according to four perspectives:
Chapter 4 brings a perspective on the Pix's development agenda, describing aspects about new features and products that
might be created to further simplify making payments, such as automatic recurring payments. The chapter also addresses the
development of actions aimed at expanding the adherence of existing features and presents the Pix's vision of the future,
bringing some spoilers of what is yet to come.
Pix has already established itself as one of the main payment instruments in Brazil and has become part of the daily lives
of Brazilians. This success is the result of the work from the BCB's technical staff, as well as of collaborators from all the
institutions involved, who built Pix with multiple hands and started this revolution that is just beginning.
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