The Pix payment system in Brazil is set to undergo changes in its amendment process, as announced by Senator Randolfe Rodrigues. The amendments, which were previously approved by the Senate, will now be subject to a more rigorous review process involving the Central Bank and the National Monetary Council. This move aims to enhance the transparency and accountability of the Pix system, ensuring that future amendments align with the broader objectives of the payment network.

Senator Rodrigues emphasized the importance of striking a balance between innovation and safeguarding the stability of the financial system. The new review process will allow for a comprehensive assessment of the potential impact of proposed amendments, ensuring that they do not pose any risks to the integrity of the Pix system.

The Central Bank and the National Monetary Council will play a crucial role in this review process, providing technical expertise and ensuring that the amendments align with the overall regulatory framework for the financial sector. This collaborative approach is expected to foster a more robust and resilient Pix system, benefiting both users and the broader economy.