The Central Bank of Brazil released new Regulations for the Instant Payments System (SPI) and the Instant Payments Account (Conta PI).
The SPI is the centralized infrastructure for real-time gross settlement of instant payments that result in the transfer of funds between its participants holding an IP Account at the Central Bank.
BCB Resolution No. 195, of 3/3/2022, which will come into force on April 1st, will regulate the functioning of the SPI and PI Account.
