Pix gains ground in Brazil’s bars, restaurants; accounts for 20.5% of in-person payments

Sao Paulo [Brazil], August 8 (ANI): Brazil’s instant payment system Pix is rapidly gaining popularity at bars and restaurants, accounting for 20.5 per cent of in-person sales in the sector, according to a survey conducted by the Brazilian Association of Bars and Restaurants (Abrasel), as reported by Brasil 247.

The survey, which covered 2,109 businesses across Brazil, found that Pix has made significant inroads, particularly among smaller establishments, fast-food outlets and businesses operating in the country’s North and Northeast regions.