Instant Payment

Pix Scam Alert to be Implemented by Banks in 2025

Banks Instructed to Establish Pix Fraud Warning System


Postada em 24/09/2024 às 16:35
Por Instant Payment

The Central Bank of Brazil (BC) has issued a directive requiring banks to implement an alert system to warn customers of potential Pix scams. This measure is expected to take effect in 2025 and aims to enhance the security of the instant payment platform. The alert system will notify users when a Pix transaction is initiated from an unfamiliar device or when the recipient's name or account number differs from the intended recipient. This will provide an additional layer of protection against fraudulent activities and help customers avoid financial losses. The BC emphasizes the importance of vigilance and encourages users to report any suspicious transactions promptly.