backBrazil’s Central Bank has launched a public consultation to gather input on the tokenization of card payments — a process widely used by digital wallets like Apple Pay, Google Pay, and Samsung Pay. The consultation aims to assess the role of tokens — secure digital representations of cardholder data — within Brazil’s Payment System (SPB). Open until June 2, 2025, the initiative seeks insights that may guide future regulation in light of the booming digital payments market.
According to the Central Bank, the growing market power of token requesters could lead to higher costs for card issuers, which may affect end users and merchants. The consultation emphasizes open dialogue among stakeholders, aiming to enhance the efficiency, competitiveness, and inclusiveness of the digital payments ecosystem. Contributions can be submitted through the Participa + Brasil platform.
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