Central Bank regulates tariff collection and rediscount line under Pix

The Central Bank published, on 2 October, two more regulations relating to the new instant payment arrangement, Pix, and also on the provision of the payment transaction initiation service, within the scope of payment arrangements, by financial institutions, other institutions regulated by the authority, and payment institutions. BACEN Resolution No. 19/2020 provides for the charging of fees for the provision of services through Pix but determines that, with regard to individuals, the instant payment service will be free, including for individual entrepreneurs. The exemption from fees will be valid for sending and receiving transfers and making purchases.

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