BCB Resolution No. 494 Amending BCB Resolution No. 80 of March 25, 2021 Regarding Payment Institutions

BCB RESOLUTION NO. 494, OF SEPTEMBER 5, 2025

Amends BCB Resolution No. 80, of March 25, 2021, which regulates the establishment and operation of payment institutions, establishes parameters for submitting requests for operational authorization 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 September 3, 2025, based on the provisions of Articles 6, §§ 1 and 4, and 9 of Law No. 12,865, of October 9, 2013, and in view of the provisions of Resolution No. 4,282, of November 4, 2013,

R E S O L V E:

Article 1. BCB Resolution No. 80, of March 25, 2021, published in the Official Gazette of the Union on March 29, 2021, shall enter into force with the following amendments:

"Article 9.
The payment institution must request authorization from the Central Bank of Brazil to begin providing payment services.

Sole Paragraph. The payment institution must include in its request for operation all modalities of payment services in which it intends to operate." (NR)

"Article 9-A.
Authorization for operation must be requested from May 1, 2026, to May 31, 2026:

I - the electronic money issuer that has begun providing this service before March 1, 2021, and is not authorized to operate by the Central Bank of Brazil; and

II - the issuer of post-paid payment instruments and the acquirer that has begun providing any of these services before September 5, 2025, and is not authorized to operate by the Central Bank of Brazil.

§ 1. The institution that does not timely submit its respective request for authorization to operate as a payment institution may only continue to exercise such activity for a period of thirty days after the final date established in the caput.

§ 2. The institution that does not adequately submit, at the discretion of the Central Bank of Brazil, its respective request for authorization to operate as a payment institution may only continue to exercise such activity for a period of thirty days counted from the date of notification by the Central Bank of Brazil." (NR)

Article 2. The following provisions of BCB Resolution No. 80, of March 25, 2021, published in the Official Gazette of the Union on March 29, 2021, are revoked:

I - items I and II of the caput of Article 9; and

II - Articles 10, 11, 12, and 13.

Article 3. This Resolution enters into force on the date of its publication.

GILNEU FRANCISCO ASTOLFI
VIVAN
Director of Regulation