BCB Resolution No. 296 — Amends BCB Resolution No. 80 of March 25, 2021, Regarding Payment Institutions

BCB RESOLUTION NO. 296, OF FEBRUARY 23, 2023

Amends BCB Resolution No. 80 of March 25, 2021, which regulates the establishment and operation of payment institutions, establishes the parameters for submitting requests for authorization to operate by these institutions, and provides for the provision of payment services by other institutions authorized to operate by the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in a session held on February 23, 2023, based on the provisions of Articles 6, paragraph 4, and 9 of Law No. 12,865 of October 9, 2013, and considering the provisions of Resolution No. 4,282 of November 4, 2013,

RESOLVES:

Art. 1 BCB Resolution No. 80 of March 25, 2021, shall be amended as follows:

“Art. 2 ............................................................................................................

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II - provide payment services exclusively related to:

a) a program intended to grant benefits to natural persons based on employment relationships, service provision, or similar, established by law or by an act of the federal, state, or municipal Executive Branch; or

b) food assistance as referred to in paragraph 2 of Article 457 of the Consolidation of Labor Laws, approved by Decree-Law No. 5,452 of May 1, 1943, as well as benefits of the same nature, for the payment of meals at restaurants and similar establishments or for the purchase of food items at commercial establishments, established by law or by an act of the federal, state, or municipal Executive Branch.” (NR)

Art. 2 This Resolution enters into force on April 3, 2023.

Paulo
Sérgio Neves de Souza
Acting Director of Regulation