PicPay launched last Monday (28) an insurance platform that protects the customer against theft and transactions under duress. Insurance costs from R$ 4.90 and covers transactions such as Pix, payments, transfers, recharges and withdrawals. The insurance has a partnership with Kovr Seguradora.
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There are several levels of insurance, such as the one that protects PicPay credit cards or other cards registered in the application, and covers unrecognized purchases after loss or theft.
There is also an option that protects the account from theft of personal information after accessing suspicious links or messages. In these cases, insurance covers up to BRL 5,000 and there is security monitoring against attacks and fraud.
This insurance category has grown a lot in the market, even more so after the creation of Pix, which has been involved in a series of scams. This is because, due to the ease and speed of the tool, it is very difficult to recover money lost in fraud. That is why it is so important to use insurance.
Today PicPay has more than 60 million users, and expands its services beyond personal credit, financial products and services, in addition to several other services that the platform offers. The digital wallet is part of J&F.
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