Global

Brazil’s Central Bank Unveils Phase 2 of Its CBDC Pilot

Crypto News

"The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case."

Tags: Brazil

Global

Brazilian Central Bank Director Criticizes Proposed Pix Ban for Online Betting Payments

Yogonet

"Renato Gomes, Director of Financial System Organization and Resolution at the Central Bank of Brazil (BC), voiced criticism regarding a proposed ban on using the instant payment platform Pix for sports betting and online gaming transactions. Speaking at an event hosted by HSBC in Washington, D.C., Gomes argued that restricting Pix payments for certain transactions could lead to unnecessary operational issues."

Tags: Brazil

Global

Brazil’s Pix Set to Enhance Recurring Payments Capabilities as Subscription-Based Services Grow

The Fintech Times

"Dubbed Pix Automático, the new capability is aiming to significantly enhance recurring payments in Brazil, positively impacting Latin America’s largest digital commerce market. EBANX is taking the lead for the new launch and is preparing to integrate global merchants with the new feature."

Tags: Brazil

Global

Brazil to Regulate Stablecoins in 2025, Says Central Bank Chief

MSN

"Brazil's central bank chief Roberto Campos Neto said on Tuesday that stablecoins and asset tokenization should be regulated in the country next year, as he delivered remarks in a video recorded for market intelligence firm Uqbar."

Tags: Brazil

Global

EBANX Takes the Lead and Prepares the Integration of Global Companies Ahead of Pix Automático’s Launch

PR Newswire

"The recurring payments capability of Pix is expected to be launched in mid 2025 by the Central Bank of Brazil, and EBANX is the first player in cross-border payments already making the documentation available for its global merchants to start the integration."

Tags: Brazil

Global

Pix Limits Transfers and Payments

H2FOZ

"The limitations on transfers and payments made by individuals via Pix between 4 pm and 20 am will come into effect this Monday, the 6th, and will now be limited to a maximum of R$1 in total. This is one of the measures aimed at preventing kidnappings and nighttime robberies that use this means of financial transaction."

Tags: Brazil

Global

Brazil Tests Defi Elements, Compatibility in Drex CBDC Pilot

Cointelegraph

"Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability."

Tags: Brazil

Global

Pix to Surpass Credit Cards in Digital Commerce in Brazil by Next Year; Ebanx Analyzes Outcomes

PR News Wire

"Brazil's instant payment system Pix is set to surpass credit cards as the most widely used payment method in Brazilian digital commerce by next year, according to Payments and Commerce Market Intelligence (PCMI) data analyzed by EBANX, a global technology company specializing in payment services for emerging markets."

Tags: Brazil

Global

Brazil Government Preparing Heavy Crackdown on Illegal Betting Payments

iGB

"Pay4Fun director Ari Celia tells iGB Brazil's Ministry for Finance has established a new department to target black market operators. He expects Pix blocking efforts to be successful."

Tags: Brazil

Global

Believe It or Not, There Are Brazilians Who Don’t Use Pix. Reason? Fear of Fraud

Finsiders Brasil

"According to research, not knowing how to use it or having an unstable cell phone network are other reasons to leave instant payment aside."

Tags: Brazil

Global

Fintechs IP4Y and Zro Bank Were Authorized by the Central Bank to Operate as Payment Institutions in Brazil

Latam Fintech Hub

"Zro Bank , the cryptocurrency payment company that was born from the B&T Group and later became independent, has received authorization from the Central Bank (BC) to become a payment institution. The license is for the issuer of electronic currency."

Tags: Brazil

Global

Central Bank of Brazil Aims to Finalize Crypto Exchange Regulation by Early 2025

Bitcoin News

"According to Nagel Paulino, head of the Central Bank’s regulatory department, the Central Bank of Brazil hopes to finalize cryptocurrency market regulations by 2025."

Tags: Brazil

Global

Brazil’s Central Bank to Launch AI-Integrated Super App Featuring CBDC by 2025

Beincrypto

"Banco Central do Brasil, Brazil’s central bank, has announced its intention to develop a “super app” that will integrate artificial intelligence (AI) and the nation’s central bank digital currency (CBDC), known as “Drex.”"

Tags: Brazil

Global

Lift Lab Summarizes Innovation Projects for the National Financial System [Brazil]

Banco Central do Brasil (BCB)

"The 2023/2024 edition will feature seven projects to enhance the financial innovation ecosystem including a PIX Alias ​​Score by developing a score for the Pix instant payments system, monitoring safe zones, and identifying fake accounts."

Tags: Brazil

Global

The Central Bank of Brazil Improves Pix Security Mechanisms and Establishes June 16, 2025 as the New Launch Date for Automatic Pix

Central Bank of Brazil

"The Central Bank published adjustments to the Pix Regulation, with improvements to its security mechanisms and with the new launch date of Automatic Pix. The rule is to be applied to access devices (cell phone or computer) used to initiate Pix transactions"

Tags: Brazil

Global

Brazil’s Central Bank Delays Launch of New Feature in Popular Payment System

Reuters

"Brazil's central bank said a new feature for its popular Pix instant payment system aimed at automatically paying recurring bills will be launched next June instead of this October, as had been originally scheduled."

Tags: Brazil

Global

Matera Raises $100M From Warburg Pincus to Help the US Catch up to Brazil in Instant Payments

TechCrunch

"The success of Pix has naturally led to growth for companies providing the supporting technology. One example of this is Matera , a Brazilian company that provides instant payment, QR code payment and core banking software to financial institutions."

Tags: Brazil

Global

OpenPayd Launches Pix to Enable Real-Time Payments to Brazil

BankservAfrica

"OpenPayd, the global provider of embedded finance infrastructure, has announced that its clients can send and receive payments via Pix, the Brazilian real-time payment network."

Tags: Brazil

Global

Unlimit and Convera Simplify Payments for Students in Brazil

Convera

"Unlimit’s and Convera’s online payment platform, will help Brazilian students pay tuition fees using the currency and method of their choice. The partnership will kick off in Brazil, with Convera leveraging Unlimit’s comprehensive alternative payment method (APM) portfolio to enable the seamless payment of cross-border tuition fees via the GlobalPay for Students platform using PIX without any additional charges."

Tags: Brazil

Global

The Pix Will Get a Cell Phone Proximity Feature Soon

Mediarun

"In a recent statement, Central Bank President Roberto Campos Neto announced final adjustments to enable contactless payments via Pix on smartphones. This new feature promises to increase the popularity of this instant payment system in Brazil, where Pix already has impressive adoption numbers."

Tags: Brazil

Global

Brazil’s CBDC Strives to Overcome Data-Privacy ‘Obstacle’ as Pilot Tests Evolve

Global Government Fintech

"Brazil’s central bank has issued an update on its development of a central bank digital currency (CBDC), stating that data-privacy challenges remain an ‘obstacle’ as it rolls the turf for a second phase of pilot tests."

Tags: Brazil

Global

Pix Goes Global: Foreigners Can Now Pay Seamlessly in Brazil

Rio Times

"Pix has become a staple in Brazil’s financial landscape. With 163 million users and a 58% increase in transaction value in 2023, its popularity is undeniable. Now, the instant payment system created by the Central Bank is extending its reach to international tourists, making it easier for them to make payments in Brazil."

Tags: Brazil

Global

Central Bank of Brazil Aims to Finalize Crypto Regulations This Year

Bitcoin News

"The Central Bank of Brazil outlined its crypto regulation calendar, defining a three-phase process for finalizing these tasks in 2024. The bank aims to consult market actors regarding VASPs, establish plans to regulate stablecoins and finalize the rules to welcome VASPs into the country later this year."

Tags: Brazil

Global

Smart Transfer and Recurring Scheduling Are Integrated With Open Finance [Brazil]

Celcoin

"The expectations of the Brazilian financial ecosystem are at an all-time high with the announcement of the arrival of two new features under the Open Finance umbrella: Intelligent Transfer and Recurring Scheduling, integrated with advanced security technologies."

Tags: Brazil

Global

Automatic Pix: New Product Set to Allow for Recurring Instant Payments in Brazil

Mattos Filho

"...The BCB has indicated that this new Pix product will facilitate the recurring billing of products and services that companies of various sizes and sectors offer. The new rules take effect on October 1, 2024, and market players will be required to make the new feature available by October 28. Participants who fail to comply will be subject to a daily fine (ranging from BRL 25,000 to BRL 50,000), capped at 60 days."

Tags: Brazil

Companies Global

Brazil’s BV Bank Testing Car Sales as Part of DREX CBDC Pilot

Ledger Insights

Brazil’s BV Bank is involved in one of 16 pilots for Brazil’s wholesale central bank digital currency (CBDC), DREX. It recently shared details about its use case to enable delivery versus payment settlement when buying a car.

Tags: Brazil

Global

Brazil’s Pix Payments Are Killing Cash. Are Credit Cards Next?

Yahoo Finance

"In just three years, Brazil's hugely popular Pix payment system has become the country's favorite way to pay, replacing cash and wire transfers in many cases and now threatening the dominance of credit cards in the booming e-commerce sector."

Tags: Brazil

Global

Matera's "Pix by the Numbers" Report Reveals Surge in 2023 as Businesses Shift Away from Credit Cards

Business Wire

"Matera released its year-end report on the adoption of Brazil’s highly successful Pix instant payments scheme."

Tags: Brazil

Global

Banco Central Do Brasil Takes Another Step Towards Implementing Pix Automático (Automatic Pix)

BCB

"Banco Central do Brasil has released operational guidelines for the Pix Automático product. Pix Automático will be available to the population in October 2024."

Tags: Brazil

Global

Central Bank Announces New Method for Pix in 2024 [Brazil]

Mediarun Search

"It remained one of the most used payment methods by Brazilians in 2023. In this new year, the Central Bank (BC) is considering launching a service Auto pixel."

Tags: Brazil