Central Bank announces value limits for transactions within the scope of Pix and provides for the payment and capital maintenance of Payment Institutions not subject to BACEN’s operating authorization to participate in Pix

On 28 September 2020, Normative Instruction of Central Bank No. 20/2020 was published in the Official Gazette, establishing value limits for transactions carried out through its new instantaneous payment arrangement, Pix. According to the Normative Instruction, Pix participants can define maximum payment limits per paying user, as long as certain parameters are observed, linked to the amounts offered in other services of the same account, such as debit card and TED. The parameters, described in the Instruction, vary by type of operation, depending on the time, day, account ownership and service channel variables.

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