The Central Bank of Brazil has instructed banks to establish a PIX scam alert system by 2025. This measure aims to protect customers from fraudulent transactions using the popular instant payment platform. The alert system will notify users of potential scam attempts, providing them with an opportunity to verify the legitimacy of the transaction before authorising it. The move is part of the bank's ongoing efforts to enhance the security of the PIX system and minimise the risk of financial losses for users.