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🔥 Brazil🇧🇷: The Central Bank and National Monetary Council decided to create new rules for the Open Finance system

Morgan Ellis

6 Aug 2024 · 1 min read

🔥 Brazil🇧🇷: The Central Bank and National Monetary Council decided to create new rules for the Open Finance system

…allowing Brazilians to make contactless payments using #PIX and NFC, and more.

➡️ Citizens will no longer have to enter the bank app or leave the online shopping to pay with PIX.

➡️ Additionally, the regulator plans to expand the number of organizations required to participate in Open Finance… And, of course, improve the regulatory framework.

➡️ In November, banking institutions will begin testing functionalities to ensure transaction security.

➡️ This feature will be available to end users starting February 28, 2025.

#news #Brazil

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