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