Brazil: Deadline for Pix participants that joined after 30 June 2024 to request authorisation under Pix payment scheme regulation expires

On 1 May 2026, under Central Bank of Brazil (BCB) Resolution No. 506 adopted on 26 September 2025, payment institutions did not authorise to operate by the BCB that are Pix participants or in the process of joining Pix after 30 June 2024 must complete the authorisation process with the BCB in accordance with BCB Resolutions No. 80 and No. 81 of 25 March 2021. The resolution amends BCB Resolution No. 1 of 12 August 2020, introducing revised authorisation requirements, security mechanisms for Pix, and adjusted penalty provisions. It identifies grounds for loss of Pix participant status, including liquidation or bankruptcy, non-compliance with minimum capital and net worth requirements, missed authorisation deadlines, or definitive exclusion penalties. It also introduces fraud-prevention measures requiring mandatory rejection of Pix key registrations and portability requests linked to users flagged for transactional fraud, mandatory rejection of transactions involving such users, and adherence to minimum fraud-suspicion criteria defined by the BCB.