Brazil and Paraguay Fintechs Join Forces to Process $100 Million in Pix Transactions by 2025

In a strategic move that highlights the growing interest in Latin American fintech, Brazilian payment processor PagBrasil and Paraguayan Bancard have announced a partnership to process transactions on Brazil's widely popular Pix instant payment system. This collaboration is expected to process $100 million in Pix transactions by Paraguayans in Brazil by 2025, as foreigners embrace the payment method that has become the country's most widely used, surpassing cash, credit, and debit cards (Reuters, 2025).

Pix, a real-time payment technology developed by the Brazilian central bank, has gained popularity among tourists because it offers more favorable exchange rates than credit cards or cash from exchange offices. In 2024, as the Brazilian real weakened by more than 20% against the U.S. dollar, visitors spent $7.3 billion in Brazil, the highest annual figure since the central bank's data began in 1995 (Reuters, 2025).

PagBrasil is integrated with Pix through major Brazilian banks such as BTG, Itau, and Bradesco. Bancard will offer the integration with Pix to clients of its shareholders, including Itau Paraguay, Banco Atlas, Banco Familiar, and others. This partnership enables foreign customers to scan the Brazilian seller's QR code with the value in reais and see the conversion into their currency on their app, making transactions more convenient and transparent (Reuters, 2025).

The partnership between PagBrasil and Bancard is a significant step in the expansion of International Pix, as it allows Paraguayans to process transactions on Brazil's widely popular Pix instant payment system while in Brazil. This collaboration is expected to process $100 million in Pix transactions by Paraguayans in Brazil in 2025, highlighting the growing interest from Latin American fintechs in the market (Reuters, 2025).

To further boost the global reach of International Pix, additional collaborations could be explored with other fintech companies and financial institutions in Latin America and beyond. For instance, partnerships with fintech companies in countries with a significant Brazilian expat population, such as the United States, Japan, or Europe, could help International Pix gain traction in those markets. Similarly, collaborations with international payment processors and gateways could facilitate the integration of Pix with global e-commerce platforms, making it accessible to a broader range of merchants and consumers worldwide.

Moreover, the Brazilian government could play a role in promoting International Pix by encouraging its adoption in international trade agreements and negotiations. This could help establish Pix as a recognized and preferred payment method in global commerce, further expanding its reach and impact.

In conclusion, the strategic partnership between PagBrasil and Bancard is a testament to the potential of International Pix in the global market. By fostering additional collaborations with fintech companies, financial institutions, and international payment processors, as well as promoting its adoption through government initiatives, International Pix can continue to expand its reach and reshape commerce across Latin America and the world.