Normative Instruction BCB No. 515 — Publishes Version 2.0 of the Pix Settlement Process Flow Manual

Resolution No. 222

NORMATIVE INSTRUCTION BCB No. 515, OF AUGUST 30, 2024

Regulatory document revoked by Normative Instruction BCB No. 631, of 5/6/2025.

Publishes version 2.0 of the Manual of Flows of the Pix Settlement Process, which is part of the Pix Regulation.

The Head of the Department of Competition and Financial Market Structure (Decem), in the exercise of the powers conferred upon him by Arts. 23, caput, item I, letter “a”, and 94, caput, item IX, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, and having in view the provisions of Art. 2º, caput, item III, of the Regulation annexed to Resolution BCB No. 1, of August 12, 2020,

R E S O L V E:

Art. 1º This Normative Instruction publishes version 2.0 of the Manual of Flows of the Pix Settlement Process, which is part of the Pix Regulation, as per Art. 2º of the Regulation annexed to Resolution BCB No. 1, of August 12, 2020.

Sole Paragraph. The Manual of Flows of the Pix Settlement Process is available at the electronic address of the Central Bank of Brazil on the internet, on the page dedicated to the manuals that make up the Pix Regulation: https://www.bcb.gov.br/content/estabilidadefinanceira/pix/Regulamento_Pix/versoes_futuras/III_ManualdeFluxosdoProcessodeEfetivacaodoPix-versao2-0.pdf.

Art. 2º Normative Instruction BCB No. 368, of March 31, 2024, is hereby revoked.

Art. 3º This Normative Instruction enters into force on the date of its publication.

RICARDO TEIXEIRA
LEITE MOURÃO

ANNEX TO
NORMATIVE INSTRUCTION BCB No. 515, OF AUGUST 30, 2024

Manual of Flows of the Pix Settlement Process Version 2.0

Revision History

Date	Version	Description of Changes
11/8/2020	1.0	Initial version.
10/9/2020	1.1	Adjustment in flow 2.3, regarding the generation of the payment order by Dynamic QR Code. The flow is exactly the same as the flow for generating the payment order by Static QR Code. After the payer user reads the Dynamic QR Code, the Payer's PSP sends the key contained in the QR payload to the DICT. After the DICT returns, the Payer's PSP presents the payload information and the payee user information to the payer user, requesting payment confirmation.
22/7/2021	1.2	Structure: insertion of subsection 2.1.3 “Payment Transaction Initiation Service Provider, with direct access to the DICT”. Structure: insertion of subsection 2.4 “Generation of the payment order by the payment transaction initiation service, in cases where the participant has all the information of the payee user”. Section 2.3: detailing of the step-by-step table, to better explain the process of generating the order by Dynamic QR Code.
29/9/2021	1.3	Adjustment in flow 2.2 “Generation of the payment order by Static QR Code” and in the table. Structure: insertion of subsection 2.3.1 “Pix Cobrança for immediate payment”. Structure: insertion of subsection 2.3.2 “Pix Cobrança for payment with due date”. Structure: insertion of section 2.4 “Generation of the payment order of a Scheduled Pix by manual data entry or by means of a Pix key”. Structure: numbering adjustments in the subsequent subsection 2.5. “Generation of the payment order by the payment transaction initiation service, in cases where the participant has all the information of the payee user.”
29/10/2023	1.4	Section 3.1: adjustment in the explanatory text and in the flow to define the payment orders that must be sent to the primary message transmission channel of the SPI and to the secondary message transmission channel of the SPI. Section 3.2: adjustment in the explanatory text and in the flow to define the payment orders that must be sent to the primary message transmission channel of the SPI and to the secondary message transmission channel of the SPI. Section 3.3: adjustment in the explanatory text and in the flow due to the creation of the secondary message transmission channel of the SPI. Section 3.4: adjustment in the explanatory text and in the flow due to the creation of the secondary message transmission channel of the SPI.
30/08/2024	2.0	Section 3: inclusion of flows with scheduled settlement of the payment order (Scheduled Pix, Recurring Scheduled Pix, and Pix Cobrança with due date). Structure: insertion of section 5 – Automatic Pix Flows. Structure: general review of the flows and explanatory texts.

NOTE

Decree No. 10.411, of June 30, 2020, provides for the mandatory implementation of a regulatory impact analysis (RIA) for the issuance of normative acts of general interest produced by the bodies 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 the other documents that integrate or detail and complement it, do not characterize themselves as a regulatory act of binding force, having, in truth, an eminently contractual nature; thus, modifications promoted in said regulation and in the other documents that integrate or detail and complement it are not subject to the prior production of a regulatory impact analysis (RIA).

In this way, this Normative Instruction is exempted from the prior production of an RIA.

RICARDO
TEIXEIRA LEITE MOURÃO

Head of the
Department of Competition and Financial Market Structure