Central Bank establishes Instant Payments System and Instant Payment Account18/06/2020
Por: Fernanda Garibaldi, Maria da Graça Pedretti
Published on 16 June, 2020 by the Brazilian Central Bank (“Bacen”), Circular nº 4.027 institutes the Instantaneous Payment System (SPI) consisting of instant electronic money transfers between holders of an Instant Payment Account in the Bacen. It will begin functioning in November 2020.
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