Brazil’s Central Bank Tightens Rules for Pix Access in 2025

Hey Payment Fanatic!

The Central Bank of Brazil (BC) shook up the Pix landscape with a fresh resolution designed to raise the standards for institutions in the popular instant payment system.

Published this Monday (11), Resolution BCB nº 429 will require only authorized institutions to join Pix starting January 1, 2025. This shift means that those currently participating without BC authorization will need to meet new compliance standards to stay in the game.

From July 1, 2025, Pix participants in the process of obtaining authorization will need to adhere to strict regulations, including:

1. Accounting and auditing aligned with BC’s Cosif standards, including filing financial statements.
2. Customer data reporting to the National Financial System Customer Registry (CCS).
3. Daily balance and credit transaction reports to BC.

Then, by January 1, 2026, all Pix players must demonstrate full compliance, including maintaining minimum net equity of R$5 million.

As the BC noted, "These measures aim to ensure Pix participants meet the operational demands of instant payments while enhancing BC’s supervisory effectiveness."

I'm curious to see how this impacts Brazil's payments ecosystem!

Enjoy more Payments industry news below👇 and I'll be back in your inbox tomorrow.

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INSIGHTS

Check out the Global Payments in 2024: Simpler interfaces, complex reality by by McKinsey & Company. This report examines the evolving global payments ecosystem and highlights were players can capitalize on new dynamics. Link here

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GOLDEN NUGGET

How Technology is disrupting Payments — Artificial Intelligence + Open Finance + Blockchain👇

New Technologies are transforming payments by enabling real-time transactions, personalized financial services, and secure, interoperable digital value networks, driveing innovation in fraud prevention, customer personalization, and seamless cross-platform payments.

1. 𝐎𝐩𝐞𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐀𝐏𝐈𝐬: Data Sharing & Personalization

► Enables secure data sharing across banks, fintechs, and other financial institutions, allowing for deeply personalized financial products.

👉 Banco do Brasil uses open banking to provide customers with customized credit limits and loan offerings.

2. 𝐀𝐈 & 𝐌𝐋 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: Fraud Prevention and Enhanced Security

► AI models improve fraud prevention by analyzing transaction patterns and identifying suspicious activity in real-time. Predictive AI proactively monitors for potential risks as well.

👉 Mercado Pago applies AI-based risk analysis to dynamically detect and prevent fraud.

3. 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 & 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐕𝐚𝐥𝐮𝐞 𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐬

► 𝐈𝐧𝐭𝐞𝐫𝐨𝐩𝐞𝐫𝐚𝐛𝐥𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐬: Real-time payment networks facilitate instant transfers of different asset types, from fiat currency to loyalty points, across multiple platforms.

👉 Brazil's PIX system enables instant, cross-platform transactions (i.e. enabler Matera)

► 𝐄𝐦𝐛𝐞𝐝𝐝𝐞𝐝 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: Payments integrated directly within apps, allowing users to complete transactions without needing to switch platforms.

👉 Nupay on iFood allows customers to pay using their Nubank balance or credit card within the app.

► 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐖𝐚𝐥𝐥𝐞𝐭𝐬: Multi-asset digital wallets can store not just cash but also crypto, loyalty points, and tokenized assets, allowing customers to manage various financial assets in one convenient place.

👉 Mercado Pago enables users to store and transact in multiple currencies, access micro-loans, and receive remittances.

4. 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 & 𝐂𝐁𝐃𝐂𝐬: Blockchain-Based Payment Settlements

► Blockchain enables near-instant settlement of payments without intermediaries, automated through smart contracts.

𝐊𝐞𝐲 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐭𝐨 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧:

► Privacy and Security: Ensuring secure data practices in an open finance environment.

► Regulation and Ethics: Addressing cross-border compliance and ethical AI use.

► Infrastructure Costs: Balancing advanced tech adoption with budget constraints.

These technologies are driving the payments and banking sectors toward a more connected, real-time, and personalized ecosystem, despite challenges in privacy, regulation, and infrastructure.

Source: Visa

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