Central Bank of Brazil Instruction Normative No. 629 — Amends Instruction Normative No. 512 of August 30, 2024, regarding Pix transaction value limits to include provisions on value limits for initiating transactions by proximity

CENTRAL BANK OF BRAZIL INSTRUCTION NORMATIVE
NO. 629, OF JUNE 5, 2025

Amends Instruction Normative No. 512, of August 30, 2024, which provides for the value limits for transactions within the scope of Pix, to include provisions related to the value limit that must be observed for initiating transactions by proximity.

The Head of the Department of Competition and Market Structure of the Financial Market (Decem), in the exercise of the attribution conferred upon him by art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on art. 94, item IX, of the aforementioned Regulations, and taking into account the provisions of art. 37 of the Regulation annexed to Resolution BCB No. 1, of August 12, 2020,

R E S O L V E :

Art. 1º Instruction Normative BCB No. 512, of August 30, 2024, published in the Official Gazette of the Union on September 3, 2024, shall enter into force with the following alterations:

“Art. 10. .................................................................................................................................

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§ 2º ........................................................................................................................................

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IV - request for increase and request for reduction of the daily limit for transactions related to the Pix Automático product;

V - registration of accounts or receiving users to enable the establishment of specific daily limits; and

VI - request for increase and request for reduction of the limit per transaction and the limit per day for transactions initiated by proximity.

.......................................................................................................................................” (NR)

“Art. 11. The request for reduction of the limit referred to in art. 10, § 2º, items I, II, III, IV and VI must be accepted immediately.” (NR)

“Art. 12. The request for increase of the limit referred to in art. 10, § 2º, items I, II, III, IV and VI may be accepted, at the discretion of the participant.” (NR)

“Art. 16-A. Participants providing Pix transactional accounts must establish a maximum value limit for initiating transactions by proximity, for transactional accounts, for payer users who are natural persons.

§ 1º The maximum limit per transaction is R$500.00 (five hundred reais), without prejudice to the limits set forth in art. 3º.

§ 2º The payer user may establish a maximum limit per day, respecting the provisions of §1º.

§ 3º If the maximum limit of the end user for initiating Pix transactions, established by the participant in accordance with the provisions of art. 3º and art. 10, § 2º, item I, is lower than the limit referred to in § 1º, the lower limit shall apply.” (NR)

“Art. 16-B. Participants may not establish different limits for transactions initiated through a payment transaction initiation service.” (NR)

“Art. 16-C. The maximum value limits set forth in art. 16-A apply to the initiation of transactions through the sharing of the payment transaction initiation service without redirection referred to in Resolution BCB No. 406, of August 2, 2024, regardless of the mechanism used to initiate a Pix.” (NR)

Art. 2º Art. 16 of Instruction Normative No. 512, of August 30, 2024, published in the Official Gazette of the Union on September 3, 2024, is hereby repealed.

Art. 3º This Instruction Normative enters into force on December 1, 2025.

RICARDO TEIXEIRA
LEITE MOURÃO

NOTE

Decree No. 10,411, of June 30, 2020, provides for the mandatory implementation of a regulatory impact analysis (AIR) for the issuance of normative acts of general interest produced by the organs and entities of the direct and indirect federal public administration.

However, as defined in paragraph 8 of Vote 280/2021–BCB, of November 10, 2021, the Pix Regulation, including other documents that integrate, detail, or complement it, do not constitute a regulatory act of binding force, but rather have an essentially contractual nature. Thus, modifications made to the aforementioned regulation and to the other documents that integrate, detail, or complement it are not subject to the prior production of an AIR.

RICARDO TEIXEIRA
LEITE MOURÃO