Brazil’s Central Bank Shelves Pix Installment Rules, Bans Use of ‘Pix Parcelado’

Overview

• At the Fórum Pix on Dec. 4, the Banco Central said it will not issue specific regulation for Pix-linked installment credit for now.
• Institutions were told not to market offers using the exact term “Pix parcelado,” though alternatives such as “parcele no Pix” or “crédito no Pix” remain allowed.
• The BC said it will keep monitoring market solutions and could regulate later, but it set no timeline and did not detail how it will police the naming rule.
• Consumer group Idec called the decision unacceptable, warning of regulatory disorder, opaque terms and greater risk of over‑indebtedness.
• Banks already offer the product with widely varying terms, with reported interest near 5% a month and CET around 8%, often disclosed only at the end of contracting.