Pix Evolution and Implementation
SUMMARY
PRESENTATION
IDEALIZATION
EVOLUTION
NUMBERS
FUTURE
Pix transactions are concentrated during the daytime period. 21 Considering
the total number of transactions between individuals since the launch of Pix
until the end of 2022, only 18.6% were carried out at night (Chart 3.1.13), with
more than 95% of transactions equal to or lower than R$1,000.00. Despite
the concentration during the day, however, there was a high number of Pix
transfers occuring between 7 pm and 11 pm, period when it is not possible
to make eletronic transfers such as TEDS. Thus, data indicate that 24-hour
availability adds value and meets the needs of the population.
Chart 3.1.13 - Intra-day transactions (P2P)
By time slot
Nov/20 to Dec/22
Chart 3.1.14 - Intra-day transactions
By time slot
Nov/20 to Dec/22
8%
7.4%
6.7%
6%
5%
4.1%
8%
6%
5%
4.3%
3%
7.3%
6.5%
7.1%
6.5%
6.3%
3%
R$
1,800
2% 1.3%
1,400
R$
6.8%
6.6%
6.5%
5.4%
1,120
Pix schedules are made for typical invoice and future dated billing. The number
of scheduled transactions is the highest on the 30th day of the month, covering
more than 6% of the total bookings made between November 2020 and
December 2022, followed by the 10th, with 5% of bookings in the same period
(Chart 3.1.16). Regarding the daily average value, the scheduled transactions
do not seem to show a definite behavior or trend.
Chart 3.1.16 - Intra-month transactions
Scheduled transfers
840
Nov/20 to Dec/22
3.3%
560
7%
6%
280
1.1%
1,440
5.7%
0.5%
شتل
0.3%
4%
0%
0
T
T
0
2
4
6
8
10
12
14
16
18
20
22
22
1,080
% of P2P total transactions
95th percentile value (right axis)
3%
Source: BCB
3.3%
720
1%
R$ thousands
6,000
4,800
3,600
2,400
1,200
1.4%
0.2%
2%
1.1%
0.3%
لقتل
360
0%
T
0
0
2
4
6 8 10
12
14
16
18
20
22
1% of P2P total transactions
95th percentile value (right axis)
Source: BCB
Business days concentrate the largest number of transactions and the
highest financial value in general. From Monday to Friday, the number of Pix
transactions represented approximately 77% of the total transactions that
took place between November 2020 and December 2022. The average value
of transactions drops significantly during the weekend due to the reduced
number of high value transactions held on these days (Chart 3.1.15).
Chart 3.1.15 - Intra-week transactions
Percentage over total Pix transfers
Nov/20 to Dec/22
R$
1,000
677
700
572
556
555
565
400
204
160
17%
15%
15%
15%
15%
3%
100
14%
2%
2%
2%
2%
1%
5%
8%
4%
4%
4%
4%
3%
3%
2%
2%
2%
2%
2%
2%
1%
3%
3%
3%
3%
3%
3%
2%
3%
3%
4%
4%
4%
4%
4%
Sun.
Mon.
Tue.
Wed.
Thu.
Fri.
Sat.
up to 19,99
from 20 to 49,99
from 50 to 99,99
from 100 to 499,99
lover 500
Average amount (right axis)
21 The daytime period, as a rule, comprises transactions carried out between 6 am and 8 pm, while the night time period comprises transactions carried
out between 8 pm and 6 am.
Source: BCB
0%
0
1
5
10
15
20
25
30
21
1% of total scheduled transfers
Average amount (right axis)
Source: BCB
Pix Withdrawal and Pix Change transactions have been growing gradually since
their launch. With regards to Pix Withdrawal, in December 2021, when these
functionalities went live, there were 4,000 withdrawals totaling R$440,000.
A year later, in December 2022, Pix Withdrawal transactions added up to
569,000 withdrawals, representing an amount equivalent to R$74 million. Pix
Change has been growing also in quantity and value, but on smaller scales when
compared to Pix Withdrawal (charts 3.1.17). When analyzing the distribution
of Pix Withdrawal and Pix Change transactions by withdrawal agents, most
of these operations take place at shared ATMs and banking correspondents
(Chart 3.1.18). Regarding the number of establishments that provide services
and have already had at least one Pix Withdrawal or Pix Change transaction,
there is a gradual increase, from 1,700 in the month of release (December
2021) to 11,800 establishments in December 2022, an increase of 594% in one
year (Chart 3.1.19). Finally, it is important to highlight that these transactions
mostly take place outside the country's state capitals, both for Pix Withdrawal
and Pix Change transactions (Chart 3.2.20).View entire presentation