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Brazil’s Central Bank limits Pix options for night-time period transactions

RIO DE JANEIRO, BRAZIL - The Central Bank (BC) has limited the options for defining the night time limit to use Pix, the instant payment system.

The change was published on Monday, November 22, in the Federal Gazette. At the user's request, "the night time slot may include the period between 10 PM and 6 AM," says the published normative instruction.

The limit of R$1,000 (US$179) for transfers and payments made by individuals from 8 PM to 6 AM has been in force since October 4. But until yesterday, at the user's request, the night-time . . .

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