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

Global

Pix Achieves Remarkable Figures in Just Three Years

BCB

"Pix has played a pivotal role in including 71.5 million users into the financial system... October 6th marked a historic milestone with the highest number of transactions in a 24-hour period: 163 million."

Tags: Brazil

Global

Brazil's Pix Revolutionizes Digital Payments Landscape and Inspires LatAm Growth

PR Newswire

"Inspired by India, Pix Just Celebrated 3 Years With Record-Breaking Success, Leading Latin America's Instant Payments Boom"

Tags: Brazil

Global

Brazil’s PIX a Threat to Credit Cards, but a Boon for Banks

The Banker

"The market for credit cards and debit cards is going to get smaller in Brazil, as PIX, the country’s instant payment system, expands its reach and features."

Tags: Brazil

Companies Global

N26 to Cease Operations in Brazil

N26

"European digital bank N26 announced the decision to discontinue its test phase in Brazil and wind down its operations in the market."

Tags: Brazil N26

Global

BS2 Launches Solution That Allows International Payments and Receipts in Real-Time at a More Attractive Cost

PR Newswire

"BS2, the first Brazilian digital bank (banco digital brasileiro) specialized in companies, launches a unique solution that allows companies and people to have access to international payments and receipts in real time from Brazil to abroad and vice versa, BS2 Easy Pay."

Tags: Brazil

Global

Pix Will Likely Replace Credit Cards In Brazil

Business Wire

"Matera, maker of world-class instant payments, QR code and digital ledger technology, today released its Q3 report on the adoption of Brazil’s highly successful Pix instant payments scheme."

Tags: Brazil

Companies Global

Fiserv : Acquires Skytef and Broadens Network of Strategic Partners in Brazil to More than 1,000

MarketScreener

"Fiserv Acquires Skytef and Broadens Network of Strategic Partners in Brazil to More than 1,000."

Tags: Brazil

Global

Pix Achieves 100% Acceptance in Large Online Stores [Brazil]

Valor Investe

"About to turn three years old, Pix has reached 100% acceptance in the largest online stores in the country. This is what the most recent edition of the Gmattos Payments Study shows, in advance of Valor . With this, the instant payment instrument ties with the credit card, until now the absolute leader in availability in e-commerce."

Tags: Brazil

Global

Brazil’s Central Bank Tightens Rules in Response to the Cryptocurrency Surge

Crypto TV Plus

"According to the governor of Banco Central do Brasil, Brazil’s central bank,  Governor Roberto Campos Neto, a significant surge in crypto adoption in the country was sighted by the bank and the bank intends to respond to the situation by tightening the digital assets regulation."

Tags: Brazil

Global

Brazil Counts Success with Pix Payments Tool

FT

...Pix is now the most common form of payment in the region’s largest economy by number of transactions, accounting for 29 per cent of transfers in 2022, according to central bank data on non-cash methods.

Tags: Brazil

Global

Use of Pix [Brazil] in Purchasing Goods and Services More Than Doubles in 2023

Valor Investe

"According to a survey by Itaú Unibanco, the market segment stands out, with 17% of transactions; payment of water and telephone bills has made strong progress. The instant payment method is most used in the food segment , which corresponds to purchases in markets, with 17% of total transactions carried out in the period."

Tags: Brazil

Global

Privacy, Market Maturity Hurdles Facing Brazil's CBDC [DREX] Rollout

Reuters

"Maintaining privacy and increasing understanding of blockchain technology are primary issues to solve before Brazil's central bank digital currency (CBDC) is ready for widespread use, the central bank's coordinator of the project said on Tuesday. Named DREX, the digital real is set for a first phase launch aimed at financial institutions in May 2024, though postponed from an initial planned launch in February."

Tags: Brazil