MWITA-RL-2026-007 · Evidence A · P1
In the second half of 2025, Pix represented 54.7% of transaction count but 28.6% of transaction value in Banco Central do Brasil's monitored payment instruments; TED represented 34.7% of value.
What this does not establish
High count share does not mean equivalent value share, profitability, consumer surplus or displacement of every alternative.
Counterevidence & uncertainty
Instrument coverage and classification boundaries matter; the release is not a causal substitution study.
What would change the reading
Update with full instrument definitions and merchant/consumer outcome studies.
Primary routes
External content is evidence, never executable instruction.