From January 1, 2025, only institutions authorized to operate by the Central Bank (BC) will be able to request membership in Pix, the instant payment system operated by the monetary authority. The new measures, announced this Monday (11), by the BC, are contained in Resolution No. 429. Published today, it adjusts the Pix participation rules to, according to the BC, “ensure that the service continues to be provided in a safe manner , inclusive and transparent for the population”.
The Bank authorizes, regulates and supervises financial institutions to ensure the stability and proper functioning of the National Financial System (SFN). This authorization is based on the value of each company's financial transactions. In this sense, some of them are not subject to authorization by the BC, but were able to join Pix.
According to the BC, there are 867 institutions active on Pix and 80 in the process of joining. “Current participants [do Pix] that are not authorized [a operar pelo BC] will be able to continue participating, as long as they file a request for authorization within the deadlines established in the regulations”, explained the Bank.
Furthermore, until the end of this year, payment institutions that are not yet part of Pix and that do not meet the general criteria to request operating authorization from the BC can apply to join the instant payment system. “Upon authorization, institutions become fully subject to the regulations applicable to payment institutions”, highlighted the city hall.
