Brazil has a diverse payment landscape that combines local and international payment methods, with growing preference for digital payments. Credit cards are the most popular payment method, accounting for 30% of total transaction volume. However, Brazil also has some unique local payment methods, such as Boleto Bancário, a widely used cash payment system that accounts for 25% of total transaction volume.
Brazil's e-commerce market is developing rapidly, and mobile payment usage is also increasing. PIX, an instant payment system, has gained rapid popularity since its launch in 2020. Digital wallet usage is also growing, especially among younger generations.
For merchants looking to enter the Brazilian market, it is crucial to offer multiple payment options, including international credit cards, local payment methods such as Boleto and PIX, and popular digital wallets. At the same time, due to Brazil's economic situation, offering installment payment options is also important.
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Popular payment methods
PIX
PIX is commonly used for instant payment payments in BR.
- Payment type
- Instant Payment
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
Elo
Elo is commonly used for cards payments in BR.
- Payment type
- Cards
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
Itau
Itau is commonly used for bank transfer payments in BR.
- Payment type
- Bank Transfer
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
Bradesco
Bradesco is commonly used for bank transfer payments in BR.
- Payment type
- Bank Transfer
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
Caixa
Caixa is commonly used for bank transfer payments in BR.
- Payment type
- Bank Transfer
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
Banco do Brasil
Banco do Brasil is commonly used for bank transfer payments in BR.
- Payment type
- Bank Transfer
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
PicPay
PicPay is commonly used for digital wallets payments in BR.
- Payment type
- Digital Wallets
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
Hipercard
Hipercard is commonly used for cards payments in BR.
- Payment type
- Cards
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
PagBank
PagBank is commonly used for digital wallets payments in BR.
- Payment type
- Digital Wallets
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
Boleto
Boleto is commonly used for local payment method payments in BR.
- Payment type
- Local Payment Method
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
Boleto Flash
Boleto Flash is commonly used for digital wallets payments in BR.
- Payment type
- Digital Wallets
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund
Skrill
Skrill is commonly used for digital wallets payments in BR.
- Payment type
- Digital Wallets
- Buyer coverage
- BR
- Payment currency
- BRL
- Refund
- Partial refund

Brazil
Country code
BR
Currency code
BRL
Currency unit
R$ BRL