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Brazilians who change their cell phone will face changes in payments via PIX, warns Central Bank

Written by Bruno Teles
Published 19/09/2024 às 16:44
Brazilians who change their cell phone will face changes in payments via PIX, warns Central Bank
See what changes (Image: Reproduction)

Central Bank security measures will limit the amounts of transfers via PIX made to unregistered devices, aiming to protect users from fraud.

If you're thinking about upgrading your phone, be prepared for more than just a change in screen size or camera quality. The real surprise may be in payments via PIX. This is because the Central Bank has decided to adopt new security rules that will directly impact transfers made on devices that have not yet been registered with the bank.. And, believe me, this is a change that you will want to understand before you are unable to make a transfer of more than R$200 in the middle of the night.

The Central Bank, in yet another effort to combat fraud involving PIX, announced a series of changes that will affect users who make payments using devices that are not previously registered with their bank accounts.. Starting November 1st of this year, anyone who changes their cell phone or accesses the system via an unregistered computer may have their transfers limited. This applies to both smartphones and new computers.

The objective, according to the Central Bank, is to prevent criminals from causing major losses.

The main new feature is that the maximum amount that can be transferred using these devices will be just R$200. The daily limit cannot exceed R$1.000. The objective, according to the Central Bank, is to prevent criminals from causing major losses in cases of fraud, while the customer regularizes the status of their new device.

Those changes in payments via PIX sIt is part of a larger effort to increase security in a system that, despite revolutionizing instant payments, has also attracted the attention of scammers. As PIX is available 24 hours a day, including at night and on weekends, criminals have found new ways to exploit the speed of the service to steal money from their victims. The difficulty in recovering the transferred amounts makes the situation even more critical.

Security measures that banks must adopt

In addition to the changes for customers, the The Central Bank also ordered financial institutions to implement new risk management solutions. This includes creating mechanisms capable of identifying atypical PIX transactions or transactions outside the customer's profile. Institutions must also make information available on how to avoid fraud in channels that are easily accessible to users, reinforcing the role of financial education and awareness about scams.

Another relevant point is that, every six months, banks must check whether their customers are marked for fraud in the Central Bank's databases. These measures aim to ensure that PIX operations remain secure and minimize the impact of criminal actions.

How to register your new cell phone for PIX

If you are thinking about changing your device, the process to continue using PIX without restrictions is simple. The Central Bank recommends that the new device be registered with the bank before being used to make transfers. This can be done through an ATM or directly through the financial institution's app.. From November, other layers of security will have to be applied by banks, ensuring that the new cell phone really belongs to the account holder.

Changes to payments via PIX bring more security, but require attention from customers. After all, no one wants to be left without being able to make a last-minute transfer., whether it’s paying for that weekend dinner or splitting the bill for a trip.

And now, what do you think? Are these security measures from the Central Bank for PIX enough to protect users, or do you think that the limits on transfers will cause more frustration than protection?

Bruno Teles

I talk about technology, innovation, oil and gas. I update daily about opportunities in the Brazilian market. With more than 2.300 articles published in CPG. Agenda suggestion? Send it to brunotelesredator@gmail.com

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