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PIX Scam Alert: Banks to Implement Warning System

In a bid to combat rising fraud, the Central Bank of Brazil has instructed banks to establish a PIX scam alert system by 2025.


Postada em 26/09/2024 às 05:29
Por Instant Payment

The move aims to enhance customer protection and reduce the prevalence of fraudulent transactions. Banks will be required to implement a mechanism that notifies customers of potential scams and provides guidance on how to avoid falling victim. The alert system will be designed to identify suspicious transactions and trigger notifications via various channels, such as SMS, email, or mobile banking apps. By implementing this measure, the Central Bank aims to empower customers with information and tools to safeguard their financial well-being.