Sao Paulo, Aug. 8 -- Brazil's instant payment system Pix is rapidly gaining popularity at bars and restaurants, accounting for 20.5 per cent of in-person sales in the sector, according to a survey conducted by the Brazilian Association of Bars and Restaurants (Abrasel), as reported by Brasil 247.

The survey, which covered 2,109 businesses across Brazil, found that Pix has made significant inroads, particularly among smaller establishments, fast-food outlets and businesses operating in the country's North and Northeast regions.

Credit cards continue to remain the most widely used payment method, accounting for 41.5 per cent of transactions. Debit cards follow with a 25.1 per cent share, while Pix ranks third at 20.5 per cent. Cash accoun...