Brazil’s payment system Pix is seen handling $30 billion in two years in e-commerce spending with a new feature for recurring bills that should benefit streaming firms, a study from financial technology firm Ebanx showed on Tuesday.
Launched in late 2020, Pix, an online instant payment system designed by Brazil’s central bank, has become Brazilians’ favorite way to pay, surpassing credit and debit cards and nearly killing the use of cash.