🇧🇷 ALARMING 🤩: 200% Increase in Pix Transfers for Betting!💸

🇧🇷 ALARMING 🤩: 200% Increase in Pix Transfers for Betting!💸
The Central Bank of Brazil has reported a staggering 200% increase in transfers via Pix to online betting platforms this year, raising concerns about the financial stability of low-income families, particularly those benefiting from Bolsa Família. In August alone, these individuals sent R$ 3 billion for betting, potentially jeopardizing their credit quality. Authorities are now working together to monitor and regulate these transactions.

👀 Stay alert: 🫵

📈 200% increase in transfers for betting via Pix

7️⃣ R$ 3 billion sent by Bolsa Família beneficiaries for betting

⚠️ 70% of Bettors Are Heads of Households: Responsible for supporting their families.

🏦 Government intervention to block illegal platforms

💎 While these figures are concerning, this increase also highlights the growing adoption of digital payment methods in Brazil. The government is taking measures to promote responsible gambling and protect vulnerable populations.

🤌As the saying goes: Easy come, easy go! 👋

⚠️The complete file with the Central Bank study can be read at this link.

#PixBets #BettingExplosion #BolsaFamilia #FinancialRisk

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