Overview

• The launch, pushed back from September, will publish the regulatory definition in the last week of October, with operational and user-experience standards due in early December.
• Financial institutions will have a transition window to adapt before the rules take effect, with reports indicating enforcement only next year.
• Starting Oct. 4, the central bank will block Pix keys flagged by participants for scams and fraud as a security measure.
• The forthcoming norm will require upfront disclosure of interest rates, installment amounts, total cost, and late-fee terms, with penalties for noncompliance.
• Existing Pix-linked installment offers may continue provided they align with the forthcoming standardization.