Brazil is Latin America's largest economy and Stripe's biggest LATAM market. With a rapidly growing fintech sector and over 150 million internet users, Brazil represents a major opportunity for businesses using Stripe.
PIX is Brazil's instant payment system launched by the Central Bank of Brazil in 2020. With over 140 million registered users, PIX has transformed Brazilian payments โ enabling 24/7 instant bank transfers at no cost to consumers. Stripe supports PIX for Brazilian businesses as an alternative to card payments, helping businesses reach the large portion of Brazilians who prefer bank transfers over cards.