Brazil: Deadline for Pix participants that joined between 1 January 2023 and 30 June 2024 to request authorisation under Pix payment scheme regulation expires

On 31 December 2025, pursuant to Central Bank of Brazil (BCB) Resolution No. 506 adopted on 26 September 2025, payment institutions not authorised to operate by the BCB that joined the Pix payment scheme between 1 January 2023 and 30 June 2024 must comply with the requirement to request authorisation to operate, as defined under BCB Resolutions No. 80 and No. 81 of 25 March 2021. The Resolution amends BCB Resolution No. 1 of 12 August 2020, revising the authorisation framework, strengthening Pix security mechanisms, and adjusting penalty provisions applicable to participants. It further establishes conditions for loss of Pix participant status, including liquidation or bankruptcy, non-compliance with minimum capital and net worth requirements, failure to meet deadlines for authorisation requests, or definitive exclusion penalties. In addition, the Resolution mandates fraud-prevention measures, including rejection of Pix key registrations and portability requests linked to users notified for transactional fraud, rejection of transactions involving such users, and compliance with minimum fraud-suspicion criteria defined by the BCB.