The Supreme Court Justice Edson Fachin has ruled that the free transfer of Pix amendments has come to an end. The decision was made in response to a request from the Central Bank of Brazil, which argued that the free transfers were causing a loss of revenue for the financial system. The ruling means that banks will now be able to charge fees for Pix transfers, which could lead to higher costs for consumers.

The free transfer of Pix amendments was introduced in 2020 as a way to encourage the use of the new digital payment system. However, the Central Bank of Brazil has argued that the free transfers have led to a loss of revenue for the financial system. The bank has also said that the free transfers have made it difficult for banks to compete with other payment providers, such as credit card companies.

The ruling by Justice Fachin is likely to have a significant impact on the use of Pix. It is unclear how banks will respond to the ruling, but it is likely that they will start charging fees for Pix transfers. This could lead to higher costs for consumers, who may switch to other payment methods.

The ruling is also likely to have an impact on the financial system. The free transfer of Pix amendments has led to a decrease in the use of traditional payment methods, such as cash and checks. The ruling by Justice Fachin could lead to a reversal of this trend, as consumers may switch back to traditional payment methods to avoid paying fees for Pix transfers.