Brazil’s Central Bank Sets Late-October Rules for Pix Installments as Fraud Controls Go Live

Overview

• BC says it will publish the Pix Parcelado regulation in the last week of October, detail operational and user‑experience standards in early December, and then open an adaptation period for institutions, with existing private offers allowed to continue if compliant.
• The rollout was postponed from September after the central bank judged the initiative more complex and prioritized responses to fraud schemes and recent hacker incidents.
• The forthcoming rule will force apps to show interest rates, installment amounts, total cost of credit, and late‑payment penalties clearly before users contract the loan.
• Repayments must use a dedicated instrument—such as a separate bill, statement, or exclusive automatic debit—to keep the installment debt visible and prevent hidden indebtedness.
• New security tools are active, including an in‑app MED dispute button since Oct. 1 and the blocking of Pix keys flagged for fraud since Oct. 4, which stops transfers and can lead banks to refuse new key registrations.