Have you had any significant issues with scams? In my home country we have a huge problem of scammers calling and tricking elderly people to transfer their savings with a similar instant payment app.
The recipient's name and part of their ID are displayed on the confirmation page. This allows you to verify their identity, as the name must be linked to a real ID.
Users must set transaction and daily limits, with any changes taking effect only after 24–48 hours.People are encouraged to maintain lower limits.
Since transactions are tied to real individuals, it becomes easier for law enforcement to track down the recipient after a scam is identified.
btw, Pix is not an app, it is a service/infrastructure that can be used by any bank