Pix to surpass credit cards in digital commerce in Brazil by next year; EBANX analyzes outcomes [Yahoo! Finance]
ACI Worldwide, Inc. (ACIW)
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Source: Yahoo! Finance
CURITIBA, Brazil Sept. 10, 2024 /PRNewswire/ -- Brazil's instant payment system Pix is set to surpass credit cards as the most widely used payment method in Brazilian digital commerce by next year, according to Payments and Commerce Market Intelligence (PCMI) data analyzed by EBANX , a global technology company specializing in payment services for emerging markets. The projection for 2025 estimates that Pix will account for 44% of all value transacted in online purchases in Brazil , an increase of four percentage points, while cards will have a 41% share. The even more intense acceleration of Pix over the past year has brought this scenario forward, as previous forecasts indicated it would surpass credit cards only after 2026. This data is part of a study produced for the 7th EBANX Payments Summit , an annual event that brings together industry leaders from around the world to discuss trends and innovations in digital economy and payments, such as Pix, which in less than four years h
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ACIW
Earnings
- 8/1/24 - Beat
ACIW
Sec Filings
- 9/17/24 - Form 4
- 9/6/24 - Form 4
- 9/6/24 - Form 4
- ACIW's page on the SEC website