PIX: New Rules and Features Promise More Security and Convenience

PIX, an instant payment system that changed the way we transact in Brazil, arrives in November 2024 with important updates.The Central Bank has presented a series of changes that promise to increase the security and practicality of the system, consolidating PIX as the preferred choice of Brazilians. “The Truth About Money: Finance Lessons for Your Day to Day”, Andre Charone, explains the impact of these news on the daily lives of users and the business environment.

Stricter Rules for User Protection

One of the main changes is related to the use of PIX in unregistered devices. To increase security, the Central Bank has implemented limits for transfers made by devices not verified with the financial institution, setting a ceiling of R$ 200 per operation and R$ 1,000 per day. According to Andre Charone, this measure is essential to preserve the integrity of transactions in a scenario of increasing threat of fraud:

“O PIX is a practical and essential tool, but its security is a priority. With these restrictions for unregistered devices, the Central Bank ensures that only verified users have unlimited access to the service, protecting the consumer in cases of theft or misuse of their financial data”, says Charone.

Approximation Payments: The Simplicity of PIX in a Touch

Another novelty is the PIX by Approximation, which allows you to make payments only by bringing the mobile phone closer to compatible machines, without the need to open the banking application. The functionality, initially offered by banks such as Itau, C6 and PicPay, makes the PIX even faster and intuitive, especially serving those seeking agility in everyday transactions.

For Charone, this innovation is a strategic step:

“O PIX by Approach brings Brazil closer to a modern payment system, such as the already popular (contactless’ in other countries. This is especially advantageous for small and medium retail, where the speed in the transaction makes the difference and optimizes the customer experience”, he comments.

PIX Scheduled Recurring: Financial Organization at Ponta dos Fingos

The PIX Scheduled Recurring it is another feature launched in November that promises to change the routine of those seeking more financial organization. Now, the user can schedule automatic payments for fixed expenses, such as service accounts, tuition and subscriptions, directly by PIX, dispensing with the use of slips.

Charone highlights the positive impact of this novelty on the financial management of Brazilians:

“For the consumer, the Recurring PIX is a relief. It automates important payments, avoiding forgetfulness that can generate interest and fines. This practicality contributes to more effective financial planning and is a reflection of how the Central Bank is listening to the needs of users”, he explains.

The Reflection of Change for Companies and Entrepreneurs

In addition to the benefits for the common user, these new features represent a gain for the business sector.Small and medium businesses can benefit from the enhanced security and facilities brought by PIX by Approximation and Recurring, increasing control over cash flow and simplifying financial operations. According to Charone, PIX has increasingly become a competitive tool in the business environment:

“PIX evolution meets the demands of entrepreneurs. The system offers fast transactions and at reduced costs, which is especially important for small businesses.With the Recurring PIX, they can ensure predictability in receiving payments, while the PIX by Approach improves the customer experience, which gains in agility and practicality”, says the expert.

The Future of PIX: A Complete and Secure System

The new rules and features of November 2024 mark the beginning of a new phase for the PIX.The Central Bank indicates that it is committed to transforming the system into a robust and multifunctional platform. Andre Charone believes that the PIX is heading to become a tool that, in many cases, will replace traditional forms of payment, offering even more features and security:

“O PIX has become more than a means of transfer; it is configuring itself as a complete platform of transactions, both for the consumer and for the entrepreneur. With the new updates, we are heading towards a future in which the PIX will be central in the finances of Brazilians, with the security necessary to support this” dependence, he concludes.

With the changes of November, PIX is consolidated as the main payment system in Brazil, meeting both security and practicality needs. The new features not only facilitate the daily life of the consumer, but also broaden the horizon for companies seeking an efficient and modern way of dealing with financial transactions. The Central Bank demonstrates, once again, that it is committed to transforming the PIX into a complete system, capable of meeting the demands of an increasingly connected and demanding public.