Brazilians use less and less cash, according to BC
In 2019, cash withdrawals at ATMs and branches totaled BRL 3 trillion. In 2020, the total dropped to BRL 2.5 trillion and to BRL 2.1 trillion in 2021 and 2022.
In 2020, transactions through Pix totaled R$ 180 million. The following year, BRL 9.43 billion, and in 2022, BRL 24.05 billion.
When it comes to higher value transactions, the study indicates that there is a preference for bank transfers (inter and intrabank), which accounted for about 65% of all financial volume in 2022. Pix was responsible for 12 % of transactions.
According to the study, in relation to the average value of operations “there is a predominant use of Pix and cards (especially prepaid) in lower value transactions, indicating their important role in financial inclusion, leaving traditional transfers as the main options for corporate transactions, of substantially higher amounts”.
“In this sense, it is reasonable to assume that Pix and the cards played an important role in digitizing broader layers of the population”.
Medium values
The BC also noted “significant growth in the number of transactions with debit and prepaid cards”, influenced by the expansion of financial institutions. “These institutions have played an important role in financial inclusion, by providing payment accounts to people who previously had no relationship with the financial system, being, for example, the institutions where many young people begin their relationship with the financial system”, he highlighted. the study.
Foto de © Marcello Casal JrAgência Brasil
Economia,banco central,Pagamentos,PIX,transferências bancárias,dinheiro em espécie