The Central Bank (BC) announced on Thursday (5).
For most people, nothing will change. But, according to experts heard by Infomoney, There are important news that directly impact the safety of operations, especially for companies and fintechs, as the new rules will have an immediate reflection on the payment market. “Institutions that today operate under the Baas model, but without authorization from the BC, will have to live with the limit and run to regularize the situation by 2026,” says lawyer Arthur Lobo, partner at Wambier, Yamasaki, Bevervanço and Wolf.
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For Fábio Magalhães, founder of Ideen and Revvo, the impact goes beyond regulation: “Only S1 to S4 institutions may be responsible for Pix from unauthorized institutions. This eliminates the possibility of minor fintechs or cooperatives to assume this role. Contracts will have to be reviewed within 180 days, generating transition costs but raising the system’s robustness.”
Magalhães also highlights the minimum capital requirement of R $ 15 million for PSTIS and the possibility of the BC requests independent technical certification. “It is the end of the compliant self -assessment. Those who do not prove regulatory maturity will have to leave the game,” he reinforces.
PIX SAFETY AND FUTURE
In the view of Ligia Lopes, CEO of Teros, recent attacks showed that vulnerability is not only in regulation but also in architecture. “Without technical isolation, robust messenger and settlement under scenarios, the perfect climate for attacks throughout the chain is created. Security is born in the infrastructure, not only in the norm,” he warns.
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For Reinaldo Boesso, CEO of Fintech TMB, the system is maturing fast. “Pix has ceased to be just an instant payment means. It has consolidated itself as an infrastructure for collection services, digital wallets and even credit. The challenge will be to balance practicality and protection, with investment in anti -fiprude and financial education,” he says.
Alex Hoffmann, CEO of PagBrasil, adds that the BC response was “surgical and relentless.” According to him, the message is clear: “Either companies adapt quickly, or are out of the system.”
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BC President Gabriel Galipolo has already anticipated that new measures are under study this year, including combating “orange bills”, crypto regulation and review of capital requirements for payment institutions.
“Pix was a watershed in financial inclusion. Now, it enters the maturity phase, with safety layers up to a daily billion system,” says Hoffmann.
