MACROBrazil
Central Bank changes Pix rules: waiver for institutions above 500,000 accounts, Pix Automático in payroll accounts in 2027 and immediate suspension in liquidation
The Central Bank regulated a package of Pix changes on September 18. Institutions with more than 500,000 active accounts may be exempted from mandatory participation when their client profile does not justify it; Pix Automático becomes available in payroll accounts from July 1, 2027; hybrid billing, which merges bank slips and QR codes, and new fraud-flagging rules take effect on February 1, 2027; and institutions under extrajudicial liquidation are suspended immediately.