regulatorio

Kicked off alongside the third phase of Open Finance in October 2021, Payment Transaction Initiation (ITP) took its first steps last year, with the first authorized institutions and the market beginning to grasp the specifics and potential of initiation.

In 2013, Banco Central regulated the Brazilian payments industry with the goal of digitizing, modernizing and democratizing financial services. Since then, under its oversight, new services, players and modalities have emerged — all of which have helped turn the country into a payments-methods powerhouse.