The Central Bank (BC) has limited the options for defining the night time hours for using Pix, the instant payment system. The change was published this Monday, 22, in the Official Gazette of the Union.
At the end user’s request, “the night period may comprise the period between 22 hours and 6 hours”, says the normative instruction published.
Since October 4, the limit of R$1,000 for transfers and payments made by individuals from 8:00 pm to 6:00 am came into effect.
But until then, at the user’s request, the night period could be started from 20:00 to 23:59.
Limiting transfers and payments was one of the measures announced by the Central Bank to make Pix more secure and reduce the systems’ vulnerability to criminal actions, such as kidnappings.
The nightly limit value can still be changed at the customer’s request, through electronic service channels. However, the financial institution must establish a minimum period of 24 hours for the increase to be effected.
There is no restriction on transfers and payments to companies at this time, only between individuals and MEIs (Individual Microentrepreneurs).
According to the BC, banks must offer their customers the option of registering in advance accounts that may receive transfers above the established limits.
The inclusion of the definition of the beginning of the night period “must be effective by all Pix participants by July 29, 2022”. This month, Pix completed a year with improvements and new promises for the future.
A mechanism has already entered into force to streamline the reimbursement to users who are victims of fraud or operational failure by financial institutions.
At the end of the month, Pix Saque and Pix Troco begin, which will allow customers to make payments for products and services and receive change or withdraw from accredited retail chains.
For the medium term, the possibility of instant payments for purchases in other countries is foreseen.source: Estadão Conteudo
Reference: CNN Brasil
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