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Police in São Paulo warn of new type of crime with Brazil’s PIX instant payment system

RIO DE JANEIRO, BRAZIL - After almost a year of unprecedented success, the Central Bank's instant payment platform, PIX, is linked to a new type of crime in the city of São Paulo. It consists of holding the victim, even if only for a few minutes, in his car. The goal of the criminals is to carry out, under threat, a transfer of money through PIX.

The perpetrators of this type of crime range from casual thieves to specialized gangs that explore the victim's daily routine, approach him, overpower him, and, if necessary, take him into custody. Meanwhile . . .

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