Welcome to our Tech Roundup, where we bring you the biggest stories in technology and innovation in Brazil and Latin America. This week: Brazil’s PIX appears to be one of the few payment methods capable of challenging credit card hegemony in e-commerce.
This year’s Global Payments Report from FIS-owned Worldpay highlights Brazil’s instant payment system as a benchmark for so-called account-to-account (A2A) schemes, which are experiencing dramatic growth around the world and are expected to expand at an annual rate of 13 percent over the next three years.
State of play. Launched in November 2020, PIX’s participation in e-commerce transactions doubled in the following years, jumping from 12 to 24 percent between 2021 and 2022, according to Worldpay. More importantly, it is expected to account for 35 percent of all e-commerce payments by 2026.
Why it matters. Brazil’s PIX appears to be one of the few...
Data from the 2022 Census released today by the Brazilian Institute of Geography and Statistics…
Much has changed since President Luis Abinader of the Dominican Republic first came to prominence…
The Federal Prosecution Office said the investigation into a coup attempt led by former far-right…
Following the interest rate easing cycle initiated by the Brazilian Central Bank’s Monetary Policy Committee…
Brazil’s Senate on Wednesday approved a lackluster bill with regulations for climate change adaptation plans,…
The Ibre-FGV GDP monitor, a tool to predict economic activity in Brazil, suggests that the…