backNewsletter (#003/2025) of Fintechs, Banks, Financial Services and Virtual Assets by Campos Thomaz Advogados
Alerts, materials, and updates on Fintechs, Banking, Financial Services, and Virtual Assets.
To register, click here.
Webinar: Strategies for Preventing Over-Indebtedness Claims.
Join Campos Thomaz’s exclusive webinar and discover how institutions can protect themselves against over-indebtedness of consumers and related litigation. The event will feature our FinTech partners, Alan Campos Thomaz and Juliana Sene Ikeda, along with special guests: Leonardo Garcia (State Attorney of Espírito Santo, developed the over-indebtedness law), Diego Perez (President of AB Fintechs, one of the lasgest associations in the sector), and Bruna Amelio (Legal Coordinator at Open Co, with brands such as Geru and Bizz Capital). Do not miss this and other events prepared by our firm in the FinTech and financial services area. The event will be online on April 10, 2025, at 10 AM – The event will be in Brazilian Portuguese in the live version, with subtitles in the recorded version made available after the event. Register now.
Hot Topics for 2025 – Follow the next newsletters
- Open Finance
- Virtual Assets
- Bank as a Service
- Tokenization
- Artificial intelligence
Alerts
Pix (Brazilian Instant Payment) in Installments will be Launched in September with Standardization Led by Brazil’s Central Bank
Brazil’s Central Bank is set to launch the Installment Pix in September 2025, as announced by Renato Gomes, Director of Financial System Organization and Resolution, during the Pix Forum held last Thursday (March 27). Although several financial institutions already offer Pix-based installment solutions—each with its own approach—the Central Bank aims to standardize the experience, making it more accessible and consistent for users. With the new feature, payers will be able to take out a personal loan at the time of the transaction to split the payment into installments, while recipients will continue to receive the full amount immediately. If you are looking to structure Installment Pix with credit offerings, reach out to our Credit FinTech team.
Contactless Pix: More Convenience and Security in Financial Transactions
The Brazilian Central Bank has officially launched contactless Pix, a new feature that aims to bring more convenience and speed to financial transactions. Using Near-Field Communication (NFC) technology, the service allows users to make payments by simply bringing their phones close to enabled devices, like card machines. To use the feature, the phone must have NFC and internet access, along with a compatible digital wallet or a bank app offering the functionality. Initially, the maximum transaction limit is set at R$ 500, with security ensured through biometric or password authentication. Learn more.
Open Public Consultations – Contact our team
Central bank
- 117/2025 | Draft Joint Resolution of CMN and the Central Bank on the Naming of Financial Institutions. Access here
Consultation end date: 05/31/2025
This public consultation submits a draft joint resolution of the National Monetary Council and the Central Bank of Brazil, which regulates the naming of institutions authorized to operate by the Central Bank of Brazil.
Brazilian Securities and Exchange Commission (CVM)
- 03/2024 | Private Equity Investment Fund – Access here
Consultation end date: 28/03/2025Provides for the specific rules of private equity investment funds (FIP), with the purpose of amending Normative Annex IV of CVM Resolution No. 175.
Regulatory Update
BCB Normative Instructions
Update of the Standards Manual for Pix Initiation
BCB Normative Instruction No. 591, 3/17/2025 – Announces version 2.8.1 of the Standards Manual for Pix Initiation, which is part of the Pix Regulation.
Postponement of the Effective Date of BCB Normative Instruction No. 590 on Registration in Unicad
BCB Normative Instruction No. 592, 3/19/2025 – Extends the effective date of Normative Instruction No. 590, dated February 5, 2025, which amends Normative Instruction BCB No. 330, dated November 24, 2022, that consolidates the procedures for the registration of information in the Central Bank’s Information System on Entities of Interest (Unicad) as provided by BCB Resolution No. 209, dated March 22, 2022. It addresses the registration procedures for contracted companies referred to in Article 5 of Joint Resolution No. 6, dated May 23, 2023.
Update of the DICT Operational Manual
BCB Normative Instruction No. 593, 3/19/2025 – Announces version 7.5 of the Operational Manual of the Directory of Transactional Account Identifiers (DICT), which is part of the Pix Regulation.
Adjustments in the Registration of Access Devices and Pix Key Management
BCB Normative Instruction No. 594, 3/19/2025 – Amends Normative Instruction BCB No. 491, dated July 23, 2024, which establishes the guidelines for registering access devices for Pix transaction initiation and Pix key management, and defines the maximum amount allowed to initiate Pix transactions on unregistered access devices, to adjust the rules related to the registration of access devices.
BCB Resolutions
Much more about Fintechs, Banking, Financial Services and Virtual Assets
Learn more about our content series on FinTechs, Banks, Financial Services, and Virtual Assets. Access the full series
Produced by Alan Campos Thomaz and João Marcelo Oliveira
share
