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A quiet revolution in the monetary system started in November 2020, when Brazil launched its Pix instant payment system
In little over a year, it signed up two-thirds of Brazil's adult population
The latest #BIS_Bulletin tells the amazing story
A thread
bis.org/publ/bisbull52…
In little over a year, it signed up two-thirds of Brazil's adult population
The latest #BIS_Bulletin tells the amazing story
A thread
bis.org/publ/bisbull52…
The trajectory of adoption by users has been phenomenal since the launch of Pix in November 2020
The trajectory is even clearer in this chart which shows the relative adoption by comparison to other retail fast payment systems
