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Brazil: Bank scams skyrocket, generating losses of US$488 million this year

The volume of scams in the Brazilian financial system should reach the significant mark of R$2.5 billion (US$488 million) this year.

It is estimated that a considerable part of this amount (about R$1.8 billion [US$351 million], or more than 70%) has to do with Pix, the instant payment system of the Subscribe to our Premium Membership Plan. Already Subscribed?

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