Pix Evolution and Implementation

SUMMARY PRESENTATION IDEALIZATION EVOLUTION NUMBERS FUTURE 3. Pix in Numbers Pix is a successful public policy that has gained national and international prominence and has been transforming the lives of millions of people and businesses. An independent study, published in 2022 by ACI Worldwide, an international consultancy that operates in the payments sector, quantified the financial effect of instant payment solutions in several countries.16 The study estimated that the widespread adoption of Pix resulted in estimated cost savings of US$5.7 billion for businesses and consumers in 2021, which helped unlock US$5.5 billion of additional economic output, which represents 0.34% of the Brazilian GDP. The report also projects that net savings for consumers and businesses are expected to climb to US$37.9 billion by 2026, generating and additional US$37.6 billion of economic output in the same timeframe, equivalent to 2.08% of the country's forecasted GDP). The success and effectiveness of Pix can also be translated by statistics, which are presented below. 2.9 billion INFOGRAPHIC 10 Pix* Statistical Highlights The largest amount ever transferred on a single transaction via Pix was R$1.2 billion, Pix transactions in December 2022, against 1.4 billion in December 2021, an increase of 107% in just one year in December 2022 Chart 3.1.1 Number of transactions # (billions) 3.5 Source: BCB 0.0 T nov jan mar may 2020 2021 jul sep nov jan mar may jul sep nov 2022 Chart 3.1.2 Financial Value R$ billions 1,400 0.7 3.1 Transactions Pix was quickly accepted by the Brazilian population. Both the number of transactions and the financial volume have progressively grown since its release. In December 2022, considering transactions settled in and outside the SPI, 17 2.9 billion Pix transfers were carried out, a growth of 1,900% compared to December 2020, when Pix started operating, which demonstrates the great acceptance of Pix in the Brazilian society and business environment. Regarding the financial volume transferred, there was a nominal growth of 914% in 24 months, reaching R$1.2 trillion in December 2022 (Charts 3.1.1 and 3.1.2). 16 See <https://investor.aciworldwide.com/news-releases/news-release-details/latin-american-economies-poised-reap-economic-benefits-real-time>. 17 Pix transactions can be settled in the SPI (the system operated by the BCB that settles transactions between different institutions participating in Pix) or outside it, when payer and receiver are users of the same participant or different participants who settle transactions through the same settlement agent. R$257.00 is the average amount of transactions between individuals R$1.2 trillion was the total amount transferred in December 2022 against R$718 billion registered in December 2021, an increase of 67% on the amount transferred. 93% of transfers made by individuals are up to R$ 200.00 (considering all transactions since the beginning of Pix until December 2022) 133 million individuals and 11.9 million merchants use Pix (data from December 2022) 551 million is the total number of registered aliases (held by 77% adult population and 67% of merchants with current relationship on the National Financial System - December/2022) 71.5 million of users included with Pix* (*Considering users that, 12 months before Pix had not made any electronic transfers and started to use Pix after ts launch) 1,120 840 560 280 0 nov jan mar may 2020 2021 jul sep nov jan mar may jul 2022 sep nov Source: BCB Considering all transactions since the launch of Pix until December 2022, almost 61% were less than R$100.00 (Chart 3.1.3), which shows that Pix has been used mainly for transfers of lower amounts. When considering transactions whose payers are only individuals, 93.1% were below R$200.00, which reinforces the low value nature of this modality of transaction (Chart 3.1.4). Considering transactions only between private legal entities (e.g. merchants), there is still some concentration in the range up to R$500.00, but it can be noted a greater contribution of higher value transactions: 18.6% of transactions have a value from R$2,000.00 onwards (Chart 3.1.5). 1.4 14 2.1 2.8 18

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