BCB Resolution No. 496 of September 5, 2025

BCB RESOLUTION
NO. 496, OF SEPTEMBER 5, 2025

Amends BCB Resolution No. 1, of August 12, 2020, which institutes the Pix payment arrangement and approves its regulation, to adjust provisions related to the authorization criteria for payment institutions not authorized to operate by the Central Bank of Brazil that are participants in Pix.

The Collegiate Board of the Central Bank of Brazil, in a session held on September 3, 2025, based on Art. 10, caput, item IV, of Law No. 4,595, of December 31, 1964, Art. 10 of Law No. 10,214, of March 27, 2001, Arts. 6, 7, 9, 10, 14, and 15 of Law No. 12,865, of October 9, 2013, Resolution No. 4,282, of November 4, 2013, Communication No. 32,927, of December 21, 2018, and Communication No. 34,085, of August 28, 2019,

R E S O L V E:

Art. 1º BCB Resolution No. 1, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020, shall be amended as follows:

“Art. 3º
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§ 9º .........................................................................................................................................

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II - ............................................................................................................................................

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c) between January 1, 2026, and May 1, 2026, for other payment institutions that are participants in Pix or are in the process of joining Pix.

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(NR)

Art. 2º The regulation annexed to BCB Resolution No. 1, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020, shall be amended as follows:

“Art. 26. A Pix participant qualifies to act as a responsible participant if it:

I - falls under the modalities of transactional account provider or special liquidator;

II - is a direct participant of the SPI;

III - is a member of segments 1 – S1, 2 – S2, 3 – S3, or 4 – S4, in accordance with Resolution No. 4,553, of January 30, 2017, including the institutions referred to in BCB Resolution No. 436, of November 28, 2024; and

IV - is not a confederation of services or a credit cooperative.

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(NR)

“Art. 37. ..........................................................................................................................

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§ 3º The value limits referred to in the caput, when the user payer’s transactional account provider participant is a payment institution referred to in Art. 3º, § 9º, of BCB Resolution No. 1, of August 12, 2020, or a Pix participant that connects to the Network of the National Financial System – RSFN through an Information Technology Service Provider – PSTI, must be no more than R$15,000.00 (fifteen thousand reais).

§ 4º The maximum limit referred to in § 3º does not apply when the Pix participant:

I - accesses the RSFN through a PSTI that has completed the accreditation process at the Central Bank of Brazil, in accordance with current regulation; and

II - demonstrates, through a reasonable assurance report issued by an independent audit firm registered with the Securities and Exchange Commission – CVM, that:

a) it does not share with the PSTI the private keys registered at the Central Bank of Brazil used for signing messages within the scope of Pix;

b) it validates the integrity of transactions before signing, ensuring that data has not been corrupted or manipulated during the message generation process;

c) it uses distinct certificates for different environments (homologation and production, for example) for Pix; and

d) it adopts separate certificates for message signing and for establishing channels in Pix.

§ 5º Upon request by the participant, the Central Bank of Brazil may waive, for a period of ninety days or until the requirements set forth in § 4º are met, whichever occurs first, the observance of the limit referred to in § 3º, provided that:

I - the request is accompanied by a formal document presenting the guarantees and description of measures already adopted by the institution to improve its information security controls; and

II - the guarantees and measures referred to in item I are, at the discretion of the Central Bank of Brazil, adequate to mitigate the risks involved.

§ 6º The waiver provided for in § 5º:

I - shall take effect from the formal communication to the participant of the Central Bank of Brazil’s decision accepting the request; and

II - shall be governed by a joint act of the Information Technology Department – Deinf and the Strategic Management and Specialized Supervision Department – Degef.” (NR)

“Art. 46. DICT is a technological system, operated by the Central Bank of Brazil, connected to the RSFN, with redundancy of physical installations, processing structures, and communication, in accordance with standards established in the SFN Network Manual and the SFN Security Manual.” (NR)

Art. 3º This Resolution enters into force:

I - one hundred and eighty days after its publication, regarding the amendments made to Art. 26 of the regulation annexed to BCB Resolution No. 1, of August 12, 2020; and

II - on the date of its publication, for the remaining provisions.

DIOGO ABRY GUILLEN
Deputy Director of Organization of the Financial System and Resolution