US EditionPix Becomes Brazil’s Top Transaction Method
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Pix Becomes Brazil’s Top Transaction Method
As of the end of 2024, Pix, the country’s government-backed system that enables citizens to exchange funds seamlessly via their mobile phones, has become the country’s preferred method of transactions, surpassing cash, credit cards, and traditional interbank electronic transactions. According to numbers from the Banco Central do Brazil, 76.4% of the country’s 211 million population now use Pix, followed by debit cards at 69.1% and cash at 68.9%…
From this Wednesday (1st), banks will want to check previous information related to the Pix keys with the Federal Reception.
·Brazil
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New Central Bank rule requires banks to validate Pix key names with the Federal Recipe to prevent fraud.
·Brazil
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