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With the largest population across Latin America, and one of the strongest economies world-wide, Brazil is known to be an attractive destination for inbound tourism - however, it also has a huge potential for companies looking to attract tourists.
Spending $2,177 USD on average per tourist, Brazilians are the 7th highest spending tourist globally - and are expected to reach the 6th position by 2025, surpassed by markets like Australia, the US, Iceland and Singapore. The favorite destinations for Brazilians are New York, Miami, Orlando, Paris, London, Buenos Aires, and Cancún, among others, as reported by Embratur.
Accessibility and affordability are among the main driving factor for Brazilians to travel abroad according to GlobalData- and offering local payment methods such as PIX is vital for you to conquer more tourists.
Accepting PIX is crucial for businesses selling to Brazilians, as it allows them to offer a preferred payment method for clients, improve cash flow, and reduce transaction costs.
With FacilitaPay as your partner, your business will be able to accept payments from its Brazilian clients and users via PIX while receiving the funds internationally and in USD.
Cheaper than offering credit and debit cards
Chargeback risk for your business
Payments from your clients are settled in
Enhanced payments experience for clients
Reach more than 140 million of Brazilians connected to PIX.
More than 65% of the population use PIX, with over 66 million PIX transactions happening every day.
9 out of 10 businesses in Brazil accept PIX, and it’s preferred by merchants and users due to offering a more agile and cheaper experience for payments.
Payment Method / Anual Growth
PIX - 107%
DOMESTIC CREDIT CARD - 44%
DIGITAL WALLET - 40%
DEBIT CARD - 32%
INTERNATIONAL CREDIT CARD - 30%
OTHER - 17%
CASH - 11%
Merchant inputs the amount to be charged to the client in USD
A QR code is created for the transaction with the equivalent amount in BRL
The client scans the QR code with his banking app
The client completes the payment locally through PIX
The payment is available for the merchant automatically in our platform
Once requested, funds are settled to the merchant’s account in USD