1. Home
  2. News
  3. Currency
  4. PIX has overtaken cards in Brazil — the SBP analogue has become the main payment method in e-commerce

PIX has overtaken cards in Brazil — the SBP analogue has become the main payment method in e-commerce

Currency
1,570 08.05
Читайте в MAX
PIX has overtaken cards in Brazil — the SBP analogue has become the main payment method in e-commerce
Most Popular
09.05
A sole proprietor with several PVZS can apply the AUSN — the Federal Tax Service gave the answer
08.05
The United States has hit Iran's payment networks — risks for settlements through the UAE and Turkey
08.05
Brazil has introduced a 60% tax on parcels cheaper than $50 — Shein and Temu are under attack
08.05
Shipments from Chinese marketplaces to Russia increased 3.6 times to $1.8 billion per quarter.
08.05
Alibaba, JD and other Chinese platforms are turning inward
07.05
Yandex Market relies on API — manual management is becoming a thing of the past
PIX— the instant payment system of the Central Bank of Brazil, has overtaken cards as the main payment method in the country's online commerce. Mercado Livre, Magazine Luiza and Lojas Renner have integrated PIX as a priority payment method. The system works around the clock, instantly and for free — in terms of functionality it is a direct analogue of the Russian SBP.

Brazil has done what many thought was impossible in a large Latin American economy: it has created a state-owned payment system that has replaced cards as the main online payment tool in three years.

PIX was launched in November 2020. By 2026, the system has become the dominant payment method in e-commerce, overtaking bank cards, which remain available from 98.3% of online retailers, and traditional boletos — paper payment receipts. The reason is straightforward: PIX works instantly 24/7, with no fees for the end user and no delay on the seller's side.

Mercado Livre, Brazil's largest marketplace, has integrated PIX as the primary payment method through its Mercado Pago financial platform. Luiza Magazine and Lojas Renner did the same. For the buyer, payment via PIX is a QR code scan and an instant debit from the account. No card data, no delays.

In parallel, the Central Bank of Brazil is working on the next step: the DREX digital currency. At the September BRICS summit, it is planned to discuss the technical integration of DREX with the digital yuan of China and the e-Rupee of India — that is, to actually create a payment bridge within the block, bypassing SWIFT and the dollar system.

For Russian businesses working with Brazil, PIX is a benchmark. SBP in Russia operates according to the same logic and covers comparable functionality. The transition of both countries to state-owned instant payment systems creates a technical basis for direct settlements between Russian and Brazilian partners in national currencies, bypassing correspondent banks.

PIX Brazil payments BRICS marketplaces
1,570 total views
324
Share:
News on the topic
A sole proprietor with several PVZS can apply the AUSN — the Federal Tax Service gave the answer
A sole proprietor with several PVZS can apply the AUSN — the Federal Tax Service gave the answer
513 09.05
The Federal Tax Service for the Primorsky Territory answered a question that worries many entrepreneurs who develop PVZ networks: does an individual entrepreneur have the right to apply an automated control system if he has several points of work in the same city? The answer is yes, I have the right. The main thing is to comply with the remaining conditions of Law No. 17-FZ. The concept of a "separate unit" does not apply to sole proprietors at all.
Marketplaces
The United States has hit Iran's payment networks — risks for settlements through the UAE and Turkey
The United States has hit Iran's payment networks — risks for settlements through the UAE and Turkey
1,458 08.05
The United States has imposed another package of sanctions against financial intermediaries through which Iran conducts international settlements, bypassing restrictions. Structures in the UAE, Turkey, Iraq and a number of Asian jurisdictions were hit. For Russian businesses using the same intermediaries to settle accounts with partners in the region, this is a direct signal to immediately check the counterparties on the sanctions lists.
Customs and International Trade
Brazil has introduced a 60% tax on parcels cheaper than $50 — Shein and Temu are under attack
Brazil has introduced a 60% tax on parcels cheaper than $50 — Shein and Temu are under attack
340 08.05
Brazil has imposed a 60% tax on all imported goods worth less than $50 coming through cross-border online trading channels. The measure actually doubled the purchase price for Brazilians on platforms such as Shein, Temu, Shopee and AliExpress. At the same time, the country is carrying out a large-scale tax reform, which is changing the entire taxation system for international sellers.
Economy
Shipments from Chinese marketplaces to Russia increased 3.6 times to $1.8 billion per quarter.
Shipments from Chinese marketplaces to Russia increased 3.6 times to $1.8 billion per quarter.
1,207 08.05
In the first quarter of 2026, shipments of goods from Chinese marketplaces to Russia increased 3.6 times, from $500 million to $1.8 billion year—on-year. The total trade turnover between Russia and China increased by 14.8% to $61 billion over the same period. The Russian market has become one of the main destinations for Chinese online platforms.
Customs and International Trade
Related articles
How to enter public procurement: requirements, advantages and where to get money for participation and execution
How to enter public procurement: requirements, advantages and where to get money for participation and execution
1,636 17.04
Public auctions (public procurement) is an organized process of purchasing goods, works or services for the needs of state and municipal institutions at the expense of budgetary funds. The purpose of bidding is to ensure transparency, competition and budget savings in the selection of suppliers.
Low
Internal audit in SMEs: how to keep processes and financial flows under control
Internal audit in SMEs: how to keep processes and financial flows under control
1,689 17.03
Internal audit in small and medium-sized businesses helps the owner and the CFO to see the real picture of money, contracts and key operations. It reduces the risk of cash gaps, fines, losses on purchases and stock, loss of primary documents, accounting errors and management reporting.
Taxes
SPOT from April 1, 2026: step-by-step instructions for importers from the EAEU and carriers
SPOT from April 1, 2026: step-by-step instructions for importers from the EAEU and carriers
2,692 10.03
A month later, from April 1, 2026, Russia will launch a new procedure for the import of goods from the EAEU countries – the national Goods Waiting Confirmation System (SPOT). If you import cargo by car from Kazakhstan, Belarus, Armenia or Kyrgyzstan, prepare in advance: from July 1, 2026, import without advance payment of VAT and excise taxes and without a special QR code will be impossible.
Customs and International Trade
Financial discipline of business: how debts, balance sheet and liquidity affect banks' decisions
Financial discipline of business: how debts, balance sheet and liquidity affect banks' decisions
1,475 03.02
A bank (independent) guarantee has long been a key tool for businesses. It allows them to conclude contracts, work with deferred payments, participate in tenders, and scale their operations without withdrawing funds from circulation. However, in practice, many companies face failures without fully understanding the reasons.
Security and insurance
Currently reading
Bitcoin is experiencing its worst Month in three years, with a drop of over 20%
1,806 24.11
A strong ruble is supported by currency sales and budget settings
2,138 09.03
Madagascar has enlisted the support of South Africa for the status of a BRICS partner — the application may be considered at the summit in India.
2,826 24.01
Pinduoduo to invest 100 billion yuan to support sellers — Temu is looking for new markets
1,147 07.05
Ozon, WB, Yandex: February rules that eat up margins
2,844 24.02
Ozon raised the cost of "Easy Return" on realFBS from February 26, updated the label, improved conditions for seasonal goods
2,563 03.03
Shoe sales in Russia jumped by a third: marketplaces and discounts are changing the market
935 20.10
Sportpit goes online: sales on marketplaces have grown, and reviews, search, and card content are crucial
1,358 10.02
The Azov Sea Region's strategy until 2040: a course towards ecology and infrastructure
1,983 15.01
Marketplaces will be switched to new rules starting from October
1,679 23.04