Payment methods in Brazil

• Brazil is Latin America's largest e-commerce market, worth $86 billion, with over 197million internet users. Succeeding here demands more than accepting international cards. Pix - the Central Bank of Brazil's instant payment system - is now used by over 174 million Brazilians and dominates online transactions. Bank transfers account for 41% of e-commerce payments.
• Cards make up 39% of transactions, but the picture is more nuanced than global card logos suggest. A significant share of Brazilian Visa and Mastercard cards are locally issued - backed by Brazilian banks and tied to local-currency accounts. Decline rates for these cards are much higher without a Latin America-specialist acquirer. PPRO gives merchants and PSPs direct access to that local acquiring infrastructure, alongside Pix, Boleto Bancário, and other Brazil-specific payment methods.
• Card breakdown. Of the 11% who pay by card:
• Pix is Brazil's real-time payment system, created and regulated by the Central Bank of Brazil. Launched in November 2020, it achieved mass adoption faster than almost any payment system in history - over 174 million Brazilians now use it, making it the single most important payment method for e-commerce merchants entering this market.
• For merchants, Pix means instant settlement, no chargeback risk, and access to virtually the entire Brazilian adult population. PPRO also supports Pix Automático, enabling recurring payments for subscriptions and services - unlocking an additional 60 million consumers who lack credit cards.

Market data coming soon.