Instant Payments and Banks: the Impact of Pix on Bank Branches in Brazil

Authors

  • Alan Marques Miranda Leal USP
  • Mariana Aparecida de Oliveira Haase USP

DOI:

https://doi.org/10.14393/REE-v40n1a2025-70825

Keywords:

Pix, Instant Payments, Bank Branches, Difference-in-Differences

Abstract

This article examines the impact of the launch of the instant payment system Pix by the Banco Central do Brasil (BCB) on the number of bank branches in Brazilian municipalities. Using novel monthly data that capture Pix transactions at the municipal level and applying a staggered difference-in-differences approach, the study finds a negative and statistically significant effect of PIX adoption on the number of local bank branches. The paper contributes to the literature by assessing the economic impact of an instant payment system using an impact evaluation methodology and by focusing on quarterly, municipality-level data on Brazil’s Pix system.

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Published

2025-07-17

Issue

Vol. 40 No. 1 (2025)

Section

Artigos

License

Copyright on any open access article published by “Revista Economia Ensaios” is retained by the author(s). Authors grant “Revista Economia Ensaios” the right to first publish the article, and also grant any third party the right to use the article freely, in educational and non-commercial applications, so long as its integrity is kept and authors and citation details are identified.

How to Cite

LEAL, Alan Marques Miranda; HAASE, Mariana Aparecida de Oliveira. Instant Payments and Banks: the Impact of Pix on Bank Branches in Brazil. Revista Economia Ensaios, Uberlândia, Minas Gerais, Brasil, v. 40, n. 1, 2025. DOI: 10.14393/REE-v40n1a2025-70825. Disponível em: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/70825. Acesso em: 5 dec. 2025.