Therefore, transactions can only be carried out between accounts within Brazil. A person residing outside of Brazil can make or receive a Pix payment, provided that both the sender and the recipient have accounts with a Brazilian financial institution that offers the Pix service, such as a bank or fintech.

Among the many peculiarities of the Brazilian market, the launch of Pix at the end of 2024 is certainly one of the most peculiar. This payment method, which is exclusive to the country, has quickly become a favourite with users. There are already more than 150 million of them.