Pix sees historic drop after Fake News
Posted: Mon Jan 20, 2025 4:18 am
The number of Pix transactions saw a historic drop in the first days of January 2025, reaching 1.25 billion operations between January 4th and 10th.
This 10.9% decline compared to the same period in December 2024 is the largest ever recorded since the implementation of the system by the Central Bank in 2020.
The fall was driven by fake news about taxation, doubts regarding the new Federal belize phone number library Revenue rules and seasonal behavior characteristic of the beginning of the year.
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Reasons for the drop in Pix transactions
Pix, which revolutionized the Brazilian financial system, faces challenges due to the circulation of false information.
In recent weeks, rumors spread across social media have generated fear among users.
Rumors claimed that the federal government would be expanding access to financial information from bank accounts, in addition to suggesting that new fees would be applied to transactions.
Although the Federal Revenue Secretary denied any intention of taxation or altering users' privacy, the distrust impacted the volume of operations.
This 10.9% decline compared to the same period in December 2024 is the largest ever recorded since the implementation of the system by the Central Bank in 2020.
The fall was driven by fake news about taxation, doubts regarding the new Federal belize phone number library Revenue rules and seasonal behavior characteristic of the beginning of the year.
WhatsApp Scams: Beware of the Traps of 2025
Reasons for the drop in Pix transactions
Pix, which revolutionized the Brazilian financial system, faces challenges due to the circulation of false information.
In recent weeks, rumors spread across social media have generated fear among users.
Rumors claimed that the federal government would be expanding access to financial information from bank accounts, in addition to suggesting that new fees would be applied to transactions.
Although the Federal Revenue Secretary denied any intention of taxation or altering users' privacy, the distrust impacted the volume of operations.