Global

Central Bank of Brazil: CBDC Privacy Problem Still Unresolved

Bitcoin News

"In a report detailing the outcome of the first phase of drex, the national CBDC pilot, the Central Bank of Brazil acknowledged that none of the anonymity and privacy solutions tested met the project’s needs."

Tags: Brazil

Global

More Than 30% of Brazilians Have Already Signed Up for Pix in Installments

Finsiders Brasil

"More than 30% of Brazilians have already contracted Pix installments in the last two months. The majority, 53%, in the last two months. The modality recently added to the portfolio of financial institutions already occupies a relevant space among the loan alternatives."

Tags: Brazil

Companies Global

Ripple Teams up With Unicâmbio to Facilitate Near-Instant Brazil-Portugal Payments

Crypto Briefing

"Ripple said Monday the firm is partnering with Unicâmbio, a leading financial services company in Portugal, to enable instant cross-border payments between Portugal and Brazil. As part of the partnership, Unicâmbio will utilize Ripple Payments to settle payments for their corporate customers."

Tags: Brazil Portugal

Global

Users Will Be Able to Request a Pix Refund Through the Bank’s App [Brazil]

Finsiders Brasil

"The new feature is part of a set of improvements by the BC for the launch of Automatic Pix, scheduled for June 16, 2025."

Tags: Brazil

Global

New Feature of Brazil’s Pix System to Draw $30 Billion in E-commerce Payments

Yahoo Finance

"Brazil's payment system Pix is seen handling $30 billion in two years in e-commerce spending with a new feature for recurring bills that should benefit streaming firms, a study from financial technology firm Ebanx showed on Tuesday. In June, the central bank is expected to launch "Pix Automatico," a feature to automate payment of recurring bills such as utilities and streaming services."

Tags: Brazil

Global

Brazil’s Nubank Partners With Convenience Store Oxxo to Expand in Mexico

Reuters

"Brazilian digital lender Nubank has signed an agreement with Mexican convenience store chain Oxxo, run by FEMSA, to expand its cash deposit and withdrawal network in the North American country, the firms announced on Monday."

Tags: Brazil

Global

Startup Payface Allows Fashion Shoppers in Rio to Use Biometrics to Pay

Biometric Update

"Payface is partnering with Brazilian fashion retailer Nalin as customers who have a Lojas Nalin card will be able to use face biometrics to make their purchases."

Tags: Brazil

Global

Paysafe Expands Payment Options Business to Brazil

Business Wire

"Paysafe announced that it has received approval from the Central Bank of Brazil (BCB) for a payment institution license for the country’s launch of its regulated online sports-betting and gambling market."

Tags: Brazil

Global

Pix Forum Discusses Improvements to the BC’s Instant Payment Service

BCB

"The Central Bank (BC) held the 23rd Plenary Meeting of the Pix Forum. The debate revolved around developments in the security agenda, such as the Special Return Mechanism (MED 2.0), among other topics."

Tags: Brazil

Global

Central Bank of Brazil Approves PayRetailers’ Acquisition of Transfeera

Fintech Finance

"The Administrative Council for Economic Defense and the Central Bank of Brazil have officially approved the acquisition of Transfeera, a fintech specialized in payment solutions for businesses, by PayRetailers, a leading payments processor in Latin America and Africa. The transaction is part of PayRetailers’ strategy to expand its presence in Brazil, following the acquisition of a payment institution license from the BCB in April."

Tags: Brazil

Global

Pix Adds NFC Scanning, Device Biometrics to Brazilian Digital Payments Platform

Biometric Update

"Brazil’s pioneering instant payment system, Pix, is taking a step forward with the introduction of Pix by Approximation, a feature enabling contactless payments verified by biometrics. The system, set to roll out by February 28, 2025 and was developed in conjunction with Rede Itaú, represents the latest milestone in Brazil’s DPI journey."

Tags: Brazil

Global Regulation

Brazil Antitrust Body Rules Apple Must Lift Restrictions on In-App Payments

Reuters

"Brazilian antitrust regulator Cade said on Monday that Apple must lift restrictions on payment methods for in-app purchases, among other things, as the watchdog moved to proceed with an investigation into a complaint filed by Latin America e-commerce giant MercadoLibre."

Tags: Brazil

Global

DLocal Becomes Certified Payment Initiation Service Provider for Pix, Streamlining Payments for Global Companies in Brazil’s Open Finance Ecosystem

dLocal

"With the Brazillian’s Open Finance Structure certification and Smart Transfers support, dLocal simplifies A2A transactions and recurring payments, enhancing convenience and security for businesses and consumers alike."

Tags: Brazil

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