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BackPix breaks record and surpasses 319 million transactions in one day
Pix breaks record and surpasses 319 million transactions in one day
BREAKING
Agência Brasil Economia18 minutes agoBusiness1 min readBrazilView original

Pix breaks record and surpasses 319 million transactions in one day

Central Bank reports that financial volume reached R$180.5 billion on Friday (6)

Quick Look

  • Pix recorded 319.7 million transactions in 24 hours on Friday (6), surpassing the 319 million mark for the first time.
  • The financial volume was R$180.5 billion, the second largest in history.
  • The system has 187.8 million users and generated R$3.81 trillion in September.

AI-generated summary

Why It Matters

Pix was created in November 2020 as the Central Bank's instant transfer system. By the end of October, it had accumulated 187.8 million users, 168.8 million of which were individuals and 19 million legal entities. In September, the system handled R$3.81 trillion.

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The Central Bank's (BC) instant transfer system, Pix broke a new record last Friday (6). For the first time, the modality surpassed the mark of 319 million transactions in 24 hours.

On the 6th alone, 319.7 million transfers were made via Pix to end users. According to the BC, the movement in volume of money reached R$180.5 billion in a single day, the second largest amount in history.

“The result is yet another demonstration of the importance of Pix as a public digital infrastructure for the functioning of the national economy,” the BC said in a statement.

The previous daily record was recorded on September 4, with 318.1 million transactions in a single day. On that date, the movement totaled R$ 186.89 billion.

Created in November 2020, Pix accumulated 187.8 million users at the end of October, according to the most recent monthly statistics.

Of this total, 168.8 million were individuals; and 19 million, legal entities. In September, according to the most recent consolidated data, the system reached the mark of R$3.81 trillion handled.

Open Questions

  • What specific factors drove record transactions on the 6th?
  • Will detailed data be released by region or type of user?
  • What is Pix’s growth projection for the coming months?

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This article was originally published by Agência Brasil Economia.

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