Brazil Weekly

The boleto is dead

Happy Monday! This week, bank-issued invoices disappear due to the rise of PIX. Bolsonaro dodges surgery and is released from the hospital. Brazil’s links to the Pegasus Project.

The decline of the boleto in Brazil

central bank payments boleto
Illustration: Garik Prost/Shutterstock

For decades, Brazilians relied on boletos to charge customers and pay for services. Consisting of a bank-issued invoice, boletos are bar-code based and can be paid at bank branches, ATMs, and via internet banking. Until late in 2019, boletos made up almost two-thirds of all payments carried out in Brazil.

  • Since November 2020, however, Brazilians have been witnessing the sudden death of the boleto....

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