Have you had any significant issues with scams? In my home country we have a huge problem of scammers calling and tricking elderly people to transfer their savings with a similar instant payment app.
Scams are a social problem that can't be solved with technology alone. That said, Pix includes several features to help mitigate them:
The recipient's name and part of their ID are displayed on the confirmation page. This allows you to verify their identity, as the name must be linked to a real ID.
Users must set transaction and daily limits, with any changes taking effect only after 24–48 hours.People are encouraged to maintain lower limits.
Since transactions are tied to real individuals, it becomes easier for law enforcement to track down the recipient after a scam is identified.
The recipient's name and part of their ID are displayed on the confirmation page. This allows you to verify their identity, as the name must be linked to a real ID.
Users must set transaction and daily limits, with any changes taking effect only after 24–48 hours.People are encouraged to maintain lower limits.
Since transactions are tied to real individuals, it becomes easier for law enforcement to track down the recipient after a scam is identified.