By News by the Minute
The Central Bank changed the requirements for participating in Pix. From January 1, 2025, only institutions authorized to operate by the local authority will be able to apply for membership in the system. Current participants who are not authorized may continue to participate as long as they make a request within the appropriate timeframes.
“These measures aim to make regulatory requirements compatible with the level of operational requirements required to offer instant payments to customers, in addition to making the supervisory activity carried out by the BC more effective”, stated the authority, in a note.
Payment institutions that are not yet part of Pix and do not meet the general criteria for requesting operating authorization – which is based on the value of their financial transactions – have until the end of this year to apply for membership in the system.
Institutions affected by the new rules can request authorization in three periods, depending on when they joined Pix. Even while authorization is not granted, Pix participants with an ongoing authorization process and those who have not yet reached the period to submit their requests are subject to the regulations applicable to payment institutions.
The list of standards includes, as of July 1, 2025: accounting and auditing regulation, embodied in Cosif, including with regard to the preparation, sending of accounting documents to the BC and the disclosure of financial statements; sending information regarding customers to the National Financial System Customer Registry (CCS); and sending information regarding daily accounting balances and credit operations. As of January 1, 2026, it also includes a requirement for the payment and maintenance of share capital and net equity of no less than R$5 million.
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