PIX is revolutionizing the bank transfer market in Brazil. The Central Bank's new product attracts more and more consumers by facilitating financial transactions without fees, driving the country's economy. On its website, Pay4Fun explains that the method is safe because “PIX has the same security protocols as the National Financial System that are already used today for TEDs and DOCs."
Transactions via PIX also have the security layers offered by financial institutions themselves through cell phones, such as biometrics, facial recognition, and others, as it happens at Pay4Fun.
In addition, the data of the transactions and of PIX users are protected by two fundamental security measures: encryption and authentication.
Authentication and encryption must be adopted by the financial agents participating in the PIX system, to avoid fraud and financial losses to users.
Pay4Fun adopts all the security measures proposed by the Central Bank of Brazil and its customers can now make withdrawals using PIX with all the security that the virtual wallet offers to Brazilian customers.
Source: GMB
