Brazil’s Central Bank Tightens Rules for Pix Access in 2025
Hey Payments 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:
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!
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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. ???????? ?????????????? ?????? ????????: 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. ???? & ???? ???? ?????????????????? ????????????????: Fraud Prevention and Enhanced Security
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3. ????????-???????? ???????????????? & ?????????????? ?????????? ????????????????
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? ???????????????? ????????????????: Payments integrated directly within apps, allowing users to complete transactions without needing to switch platforms.
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? ?????????????? ??????????????: 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.
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4. ???????????????????? & ??????????: Blockchain-Based Payment Settlements
? Blockchain enables near-instant settlement of payments without intermediaries, automated through smart contracts.
?????? ???????????????????? ???? ????????????????????:
? 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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1 周?? Meet the ???????????? ??????????????????, an innovative tool that enables users to make Pix transfers on WhatsApp in seconds, providing a smooth and efficient experience through generative AI: https://www.dhirubhai.net/posts/marcelvanoost_payments-pix-paytech-activity-7262117829229903873-kNvI?utm_source=share&utm_medium=member_desktop?
Chief Strategy & Commercial Officer | Fintech | Start-up | Scaleup | Payments | Digital Transformation | ID & Authentication | Biometrics | Blockchain | Digital Assets | Tokenization | e-Commerce & Payment Gateways.
1 周It makes sense, considering that Brazil's instant payment system Pix is seen surpassing credit cards as the leader in the local online purchase market as soon as next year. Pix is expected to account for approx. 44% of Brazil's online payment market by the end of 2025, while credit cards were seen with a 41% slice.
CCO, CMO @ Lemonway | INSEAD Powering Growth
1 周Marcel van Oost thanks for those always great updates !
?? FinTech Innovator | White Label Payment Systems | Cross Border Payments | Payment Orchestration | ?? TEDx Speaker | Women Empowerment | Influencer Leadership
1 周Marcel van Oost, comprehensive overview showcasing diverse payment industry updates globally.