Central Bank approves Pix regulation (Resolution n° 1/2020)17/08/2020
Por: Maria da Graça de Brito Vianna Pedretti, Fernanda Garibaldi
The Brazilian Central Bank, on 12 August 2020, approved the Pix regulation and officially implemented the system of instantaneous payments. Starting in November, money transfers and payments between people, companies and the Government will be received in a matter of seconds, safely and practically. The approved regulation contains technical guidelines for the use of Pix as well as minimal requisites for users to guarantee the safety, simplicity, clarity and transparency of transactions. It also establishes ways to exclude and suspend the access to Pix and mechanisms to decrease the risk of fraud and protect personal data.
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