Pix is a real-time payment system launched by the Central Bank of Brazil in 2020. It allows users to make instant payments and transfers 24/7 using various methods, such as QR codes or phone numbers, at no cost to individuals. Pix is widely used for both personal transactions and business payments due to its speed, convenience, and accessibility. The system has rapidly gained popularity, revolutionizing the way people in Brazil handle financial transactions, moving the country towards a more cashless economy.
