Sqala’s Post

Pix reached a new daily record for transactions on Friday the 7th, with 206.8 million transactions in a single day, according to the Central Bank (BC). 💸 On the fifth business day of the month, a period when salary payments are typically concentrated, the total value transacted reached R$ 90.9 billion, also the highest ever recorded in a single day. The previous record was on April 5th, with 201.6 million transactions. 📈 This result shows the size of the impact and success that PIX has had in Brazil. ✨ See the full article in our blog: https://lnkd.in/dCDs7fxY #pix #technology #paymentsolution

Starting February 2025, contactless payments via Pix will become a reality in Brazil! 🚀 With this new feature from the Central Bank, you won't need to access your bank app to make transactions anymore. Additionally, online purchases using Pix will be simplified, allowing payments without leaving the shopping platform. 🌐 This initiative is made possible by Open Finance and the Payment Journey Without Redirection (JSR). Get ready for a new era of convenience! #Pagsmile #Pix #CentralBank #DigitalPayments

Starting November 1st, Brazil's Pix system will undergo key changes, including enhanced security measures to combat fraud and the introduction of two new features: proximity payments and automatic transactions. Banco do Brasil has already begun testing proximity payments with Cielo, and the Central Bank expects the feature to be widely available by February 2025. Pix Automatic, set for June 2025, will enable recurring payments without user confirmation for each transaction, streamlining the process. Stay tuned for these updates! 🚀🔒 #Pagsmile #PixUpdate #SecurePayments #TechInnovation

🚀 Exciting Updates from the Brazilian Central Bank! The Brazilian Central Bank (BC) has rolled out important updates to Pix for better security and convenience. 📅 Mark your calendars for June 16, 2025, the launch date for Auto Pix! What's New? 🔒 Enhanced Security: Unregistered devices can make Pix transactions up to R$200 (daily limit R$1,000). Bigger transactions need registered devices. Banks must use fraud management tools to spot unusual Pix transactions. Every six months, banks need to check if customers are flagged for fraud and take action accordingly. These changes make it tougher for fraudsters to misuse stolen details. 💡 Auto Pix: Auto Pix will make recurring payments a breeze for businesses like utilities, schools, and gyms. Ease for Payers: Set up automatic payments without needing to confirm each time. Cost Savings for Receivers: Cuts down on collection costs and reduces missed payments. All updates take effect on November 1, making Pix safer and more user-friendly. 🚀🔒💡 #FinTech #Banking #DigitalPayments #Pix #Security #Innovation #AutoPix #LetPay

A breakdown of payment trends for 2024 and insights into what to expect in 2025: 🔍 **2024 Trends**: - Surge in Digital Wallets and Contactless Payments, with a projected 1 billion global users by 2024. - Digital wallet spending to surpass $10 trillion in 2025. - Expect advancements in technologies for sophisticated fraud prevention measures. 🚀 **2025 and Beyond**: - Asia-Pacific leading the way towards cashless transactions. - Cashless payment volumes predicted to grow by over 80% globally since 2020. - Exploration of Central Bank Digital Currencies (CBDCs) and their impact. - Open Banking and Account-to-Account (A2A) Payments for faster transactions. - Focus on data privacy, digital identity authentication, and evolving regulations. What do you think? Let's Stay ahead of the payment evolution for a future built on innovation and security. 💳💡 #Payments #Trends #DigitalPayments #Innovation #Security #Regulations

Wednesday 12 June, Payment Expert is hosting its Digital Innovation Day. Join me, Elvin Sababi & Riccardo Tordera-Ricchi to discuss whether it is time for gambling regulators to accept the reality of crypto. Click the link below to gain access to the Digital Innovation Day Wednesday, as well as several other webinars exploring Open Banking, Digital ID, AML solutions and more 👇 https://lnkd.in/er_BU_X5

The Central Bank has announced new rules for Pix, set to take effect between 2024 and 2025. The changes include Pix Automatic, which will function like automatic debit for recurring payments such as public services, tuition, and other subscriptions. This feature will allow free transactions without authentication, authorized once by the payer via the financial institution's app. Additionally, Recurring Scheduled Pix will become mandatory for banks starting in October this year. These measures aim to increase efficiency, reduce costs, and decrease default rates. 🏦📈 #Pix #CentralBank #Payments #FinancialInnovation #DigitalEconomy

Important Updates from the Brazilian Central Bank The Brazilian Central Bank (BC) has announced significant updates to Pix aimed at enhancing security and improving efficiency. Note the new launch date for Automatic Pix: June 16, 2025. Key Updates: 🔒 Enhanced Security Measures: Unregistered devices will be limited to Pix transactions up to R$200, with a daily cap of R$1,000. Larger transactions will require a registered device. Financial institutions must implement advanced fraud management solutions to identify atypical Pix transactions. Banks are required to conduct semi-annual checks to identify customers with fraud alerts and respond accordingly. These measures bolster security and mitigate fraud risks. 💡 Automatic Pix: Launching June 16, 2025, Automatic Pix will streamline recurring payments for various businesses, including utilities, educational institutions, and fitness centers. Convenience for Payers: Users can set up automatic payments without authorizing each transaction. Operational Efficiency: Reduces collection costs and minimizes delinquency, using existing Pix infrastructure. These updates take effect on November 1, enhancing both the security and functionality of the Pix system. #Banking #FinancialServices #DigitalPayments #Pix #Security #Innovation #epag

Pix - the role model of instant payments. It simply proves that there is so much value locked in the traditional banking but with the right mindset it can be unleashed. And look these very credible success factors: 1. Strong communication strategy was needed, including the definition of a name and a brand that was easily perceived by the population. 2. We had no fees for individuals initiating a Pix account. 3. We opened up the ecosystem to any PSP, including through indirect access to the settlement platform, promoting a highly competitive environment and, consequently, high quality service and low fees for companies and merchants. 4. We had a strong user-centred approach, defining minimum requirements for the user experience in order to minimise friction and developing standard application programming interfaces (APIs) for merchants’ integration with PSPs. 5. We were interested in many use case approaches, helping Pix to achieve ubiquity. 6. We have a well-defined governance structure, in which Banco Central do Brasil is the rulebook owner and in which there is intense public–private interaction through the Pix Forum, where any stakeholder can give their input on the rules created in the ecosystem. 7. We ensured the development of robust security mechanisms.

Learn how ZBX's On/Off Ramp Crypto Banking Solutions can transform your business! ▪Expand Your Client Base Enable seamless connections between traditional banking and crypto services. ▪Slash Transaction Costs Lower cross-border transaction fees and payment processing fees. ▪Fortify Security Protect against fraud and unauthorized access with advanced encryption. ▪Streamline Revenue Gain revenue from transaction fees, financing, and staking services. ▪Enhance User Experience Provide your customers with a wider range of payment options. ▪Stay Compliant Stay legal, ensure compliance, and maintain your reputation with ease. #ZBX #CryptoBanking #BusinessTransformation #Innovation #TransactionEfficiency #ComplianceMatters