Brazil's central bank is scrapping the R$500 limit on tap-to-pay Pix, turning the instant-payment system into a fuller rival to contactless bank cards.
Markets & Finance · Fintech
Key Facts
—The change. Brazil’s central bank is scrapping the roughly five-hundred-real cap on tap-to-pay payments made through Pix.
—The deadline. Banks and payment apps have until October to adapt their systems to the new rule.
—What Pix is. Pix is Brazil’s free, instant payment system, used by about four in five adults since its launch in 2020.
BC acaba com limite diário de R$ 500 do Pix por aproximação
Pix por aproximação: BC acaba com limite diário de R$ 500 | G1
PIX por aproximação ganha novas regras, entenda
Com o Pix, Brasil vira exemplo no mundo de ambiente favorável à inovação financeira
Pix por aproximação deixa de ter limite diário de R$ 500
Pagamentos via Pix movimentam R$ 1,813 trilhão em maio
