This is the difference in Brazil. Because it's ran by the Central Bank, there are some fraud protections. For example, if you receive money by mistake, you have

This is the difference in Brazil. Because it's ran by the Central Bank, there are some fraud protections. For example, if you receive money by mistake, you have the option to return a transfer to the original sender. And if you don't do that almost immediately, the sender can actually sue you and get the bank to revert the transaction (once proven you've deliberately chosen to not return the money). There are also other security features tailored for the crime aspect of Brazil (since some people argue Pix increased the number of flash robberies); you can limit how much money you can transfer via Pix during day and night time, and even request a second confirmation before the transfer actually goes through. And if you prove you've been robbed, the bank can easily revert the transaction and you can get your money back.