Monetary inclusion with Pix reaches 49 million folks by 2021, reveals BC

Monetary inclusion with Pix reaches 49 million folks by 2021, reveals BC

The highest percentage of financial inclusion was achieved in the North region of the country

O central bank concluded that 49 million people started to do wire transfers after the creation of Pix. This contingent did not perform this type of operation before. The highest percentage of financial inclusion was achieved in the North region of the country. The data is part of the box published in the 2021 Banking Economy Report (REB).

In the other clippings, the municipality mentioned that the instant payment system generated greater inclusion among young people and women. From an economic point of view, the lower classes, with less participation in the formal market and lower salaries were most affected in terms of financial inclusion by Pix. The same happened with people registered in the Cadastro Único, eligible for social benefits.

Regarding values, BC noted that Pix usually has lower transfers compared to TED. The evaluation was made by dividing the Brazilian population into groups based on whether or not the TED was used in the 12 months prior to the launch of Pix (November 2020) and the use of electronic transfers in the 14 months after the creation of the electronic payments system (from November 2020 to December 2021).

“Among the more than 120 million people who did not use TED before the launch of Pix, 36 million (20% of the adult population) started using Pix exclusively, while 13 million (8% of the adult population) started using both. instruments”, said the BC, noting that there is a preference for Pix among people who started using both types of transfers, with an average of 5 transactions per month against 0.3 for TED.

Overall, 60% of the adult Brazilian population (107 million people) adhered to at least one type of electronic transfer, with 54% (96 million people) adopting Pix, with 22% making partial substitution before TED and 4 % total.

In all groups, the BC notes that TED is used for transactions of greater value. The groups that used Pix had average transaction values ​​between R$171 and R$411, while for TED, in the period after the launch of Pix, the average values ​​ranged between R$2,047 and R$6,506.

In the month of Pix launch, the groups that used credit the least were “Non-Pix/TED Users” (30.5%), “Pix Inclusion” (37.7%) and “Pix/TED Inclusion” (50.8%) . In this sense, the agency concluded that, among people included in the system after Pix, there was greater growth in the share of borrowers in the months following the launch of the instant payments system, with 13.3 percentage points among those who started using Pix and 18.4pp between people who made Pix and TED.

“Although it is not possible to argue the existence of a causal relationship at this point, the analysis suggests that Pix represented an incentive for the relationship with the SFN, thus functioning as a gateway to the use of other financial services. This evaluation, in experimental or quasi-experimental contexts, would be very useful for a better understanding of this phenomenon.”


The North region has the highest percentages among those who did not use TED and started using Pix, with emphasis on the states of Amapá, with 38% of the population, followed by Roraima (35%) and Amazonas (34%). Next, the Central-West and Northeast regions appear with greater inclusion. But in states like Acre, Alagoas, Maranhão, Paraíba and Piauí, more than half of their adult populations do not use transfer instruments.

In the Midwest and Southeast, the most observed phenomenon was the partial replacement of TED by Pix, both locations with 26%. The Federal District stands out in the partial and total replacement groups, which together account for 41% of the adult population. On the other hand, the South of the country appears with the highest percentage of people who have not joined Pix (9%).


Regarding the age aspect of the Brazilian population, with the exception of the group between 15 and 24 years old, as the age group of the population increases, there is a lower degree of use of TED and Pix. Among the older ones, there is less adoption of Pix among those who already used TED. In the younger sections of the population, there is greater use, especially by those who did not use TED before the launch of Pix. In the range between 25 and 34 years old, 39% started using Pix only and 33% both types of transfers.

low income

According to the BC, the population registered in the Cadastro Único has a stronger presence in the group that does not make any electronic transfers, both among beneficiaries of the Bolsa Família Program and among those who are not in the program. But 29 9% of the Cadastro Único participants did not make electronic transactions before Pix and started to do so, with 22.6% using only Pix.

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