Brazil
Brazil's payment landscape is enhancing financial inclusion. With over 71.5 million users added by PIX and digital wallets reaching unbanked communities, the future of finance in Brazil is becoming more accessible.
Start expandingAccepting payments in Brazil
- Electronic money transfer
- Real time transfers
- 24/7 availability
- Via online bank transfer
- Access to 170+ banks in Brazil for deposits and payouts
- Voucher invoicing method
- Most popular payment method
- Payable at thousands of locations including ATMs, post offices, and retail stores
Key factors driving growth
with an internet penetration of 86.6%
Transactions that PIX handles monthly
Increasing from $23.57 billion in 2023 to $44.01 billion by 2028
The 14th largest e-commerce market in the world
Advantages of offering localised payment solutions
More than 70% of Brazilian consumers consider payment variety a key factor when choosing an online store.
Businesses risk losing 45% of shoppers if they don't offer preferred payment methods. Integrating local payment channels can reduce costs and boost authorisation rates.
Going global? Think local-Brazilian payments done right
Expanding into Brazil’s booming digital economy offers immense opportunity, but success depends on understanding its unique payment landscape. With over 215 million people and 86.6% internet penetration, Brazil is primed for digital growth. Yet it stands apart with a localised system that favours alternative payments.
PIX, the instant payment platform launched in 2020, has revolutionised the way Brazilians pay. Now adopted by over 153 million users, PIX enables real-time, secure transfers 24/7 — with no need for cards. Meanwhile, traditional card usage remains limited due to low credit penetration and fees, making local methods like PIX essential.
At Payfuture, we empower businesses to thrive in Brazil with a platform built for local payment preferences. Our tech connects you to Brazil’s most popular payment options — including PIX, Boleto Bancário, and bank transfers - all via one simple integration. By offering the right mix of payment methods, you’ll boost trust, improve conversion, and gain a competitive edge in this fast-growing digital market.
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