Brazil’s banks have until October 4 to limit amount of nighttime PIX and other payment methods

The R$1,000 limit for nighttime operations applies not only to PIX, an instant payment system, but also to other common means of payment such as TED, DOC, cash transfers, and purchases with debit cards.

RIO DE JANEIRO, BRAZIL - By October 4, financial institutions will be required to set a limit of R$1,000 (US$189) for transfers and payments made by individuals between 8 PM and 6 AM.
The starting date for restrictions was passed on Thursday, September 23, by the Central Bank (BC).

Companies will not be affected by the measure. The limit on transactions by indiidualshad been announced in August by the Central Bank to Subscribe to our Premium Membership Plan. Already Subscribed?