Overview
- Banco Central official Breno Lobo said standardized rules for Pix Parcelado are expected in November after earlier delays.
- The draft framework under discussion would bar offering new Pix installment credit to delinquent borrowers to prevent credit stacking similar to card revolving debt.
- Banks will be allowed to charge additional interest and fines if customers default, with the regulation defining how those charges apply and must be presented.
- Apps will be required to show the interest rate, each installment amount, the total cost of the operation, and the late-payment penalty before the user confirms.
- Merchants would receive the full payment upfront, while consumer groups and justice ministry officials warn the credit-like feature risks driving overindebtedness.