eight. Many design functions have contributed for the achievements of Pix. The next characteristics are noteworthy:
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There's no limit on the scale of the transaction set because of the authorities; nevertheless, contributors could impose limits on customers centered on their danger profile. In accordance with the authorities, this presents flexibility to the method, allowing it to handle differing kinds of people, encompassing equally households and corporates, which would have various functioning dimensions for normal transactions.
one. In November 2020, the Central Lender of Brazil (BCB) introduced an Digital payment plan known as Pix. The authorities’ aim was to reduce reliance on income for transactions, boost money inclusion, reinforce Levels of competition in a relatively concentrated banking method, and modernize the payment system for more quickly and more secure transactions.
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