Payment methods in Brazil

Payment by card

The credit card is the preferred payment method for Brazilians in e-commerce. In 2021, 69.7% of purchases* were made with a credit card.
With local actors such as:
- Elo
- Cabal
- Hipercard
- BNDES
- Sicredi

Payment by bank transfer

In 2021, 2.3% of purchases* were made via Pix, the instant payment platform created and managed by the Central Bank of Brazil in 2020. Pix works via a Dynamic QR code. Quickly and massively adopted by users (for whom it’s completely free of charge), Pix has been showing a monthly increase of around 53% in P2B payments since its launch.
With local actors such as:
- PIX
- Nubank
- Itaú
- Banco do Brazil
- Banrisul
- Bradesco

Cash payment

Boleto Bancário is very popular in Brazil (16.9% market share). It is the only payment method available to 35% of consumers who do not have a bank account. Payment is made via a coupon, issued at checkout and paid at a Brazilian bank or participating shop, on the internet or via mobile.
With local actors such as:
- Boleto

Payment by installment and BNPL

One of the most common payment practices in Brazil is instalment payments or compra parcelada. This is why the BNPL has established itself very easily and quickly in recent years. In 2021, the BNPL in Brazil was expected to increase by 69.4% to USD 3211.2 million.
With local actors such as:
- Addi
- Boletoflex
- Provu
- Koin
- Alchemy
- Dinie (BtoB)
- Truepay (BtoB)
- Swap (BtoB)

Payment by digital wallet and X-Pay

In Brazil, hundreds of digital wallets are available. This profusion of digital wallets reflects the maturity of the country’s financial system digitization and, at the same time, the lack of specific regulation for this business model
With local actors such as:
- PicPay
- PagBank

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