backThe Central Bank of Brazil (BC) has launched a public consultation to gather contributions that may support the enhancement of regulations concerning payment arrangements within the Brazilian Payment System (SPB). The initiative specifically focuses on the regulation of the request and storage of payment instrument data tokens, such as those used in digital wallets like Apple Pay, Samsung Pay, and Google Pay. These tokens act as secure representations of users’ credentials, enabling safe card-based payment transactions.
Given the significant growth of digital payments in Brazil, driven by the widespread use of smartphones and digital wallets, token requesters have gained considerable market power, which could lead to higher costs for card issuers and, consequently, for consumers and merchants. The consultation, open until June 2, 2025, seeks to foster transparent dialogue with society and industry stakeholders to collect information that will support regulatory studies. According to the Central Bank, the goal is to increase efficiency, reduce acceptance costs, and promote a more competitive, inclusive, and efficient payment ecosystem.
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