Exploring the growth of Account-to-Account payments in Latin America

Account-to-account (A2A) payments are rapidly transforming how money moves across Latin America, driven by regulatory change, mobile adoption, and consumer demand for faster, cheaper transactions.

From Brazil's Pix — now processing over 4 billion transactions per month — to Mexico's evolving open banking framework, the region is at the forefront of a global shift away from card-based payments toward direct bank transfers.

The Pix effect in Brazil

Launched in November 2020, Pix became the most adopted payment method in Brazil within two years. Today, it accounts for more payment volume than credit and debit cards combined. For businesses, this means instant settlement, lower fees, and a dramatically better customer experience.

Open Finance as an enabler

Open finance regulations across Mexico, Brazil, and Colombia are creating the data infrastructure that makes A2A payments more powerful. When combined with account verification and balance monitoring, bank payments can be made smarter — triggering at the right moment, for the right amount.

At Belvo AI, we are building the infrastructure layer that makes all of this possible — from biometric Pix payments to smart collections that automatically collect when funds are available.