Brazil to think that it takes a lot of reporting in transession prinsties

The head of Brazilian Profit Service, Robinson BarreirinhasTuesday said (March 11) that money laundering evidence may require the country once more think requiring fintechs to report transaction values.

Brazil suspends discussions on this proposal last year after a public backlash, Reuters reported Tuesday.

However Barreirinhas tells a senate hearing on Tuesday with signs that some known after money due to an opening account, according to the report.

Brazil’s Income Service releases a September of September requiring fintechs to begin reporting transactions to the entry payment system, pixBut the The government suspends the rule in the middle of January between a reduction in popularity of opinion polls, the report says.

The opponents on a scale claim that it means taxable workers, each report.

Barreirinhas tells the Senate who listens that the revenue service is related to smuggled cigarettes and e-cigarettes, cryptocurrencies and The online bet is financing organized crime in Brazil, according to the report.

It was reported in January that the Pix, the Online payment fees System launched by Central Bank in Brazil in late 2020, holding $ 338 billion in transactions per month.

An arbitrary releasing backward part of the pix is ​​expected to draw another $ 30 billion in ecommerce payments alone in the payment system.

Brazil is a standout of almost all standards “plugged-in” to Digital activitiesincluding all from working until communicating with shopping, according to Pymts Intelligence Trell, “How is the world digital. “

The report knows that within the Brazilian population of 215 million individuals, about 75% of consumers have a debit card, 77% used pix and almost Two-thirds share financial services by mobile mean.

Brazil also reshps the use of Digital Walletswith consumers who rely on them for paying the bill and identity verification, unlike other countries, where they are used by ecommence and Google Wallet Collaboration, “Digital Wallets Lip in Financial Transactions: The Brazilian edition. “

The report knows that 47% of Brazilians use digital wallets for the previous year’s bill.