instant payments in brazil: competitiveness and ...€¦ · instant payments in brazil:...

Instant Payments in Brazil: Competitiveness and opportunities

for new business models

BCB’s actions in retail payments

Legal competences onpayment schemes

2013

BCB’s actions in instant payments

Publication of the 1st

Policy on Instant Payments

2014

BCB’s actions in instant payments

.International Workshop

.Section in the PaymentSchemes Forum

2016

BCB’s actions in instant payments

New ecosystem

Electronization Gaps

Digital Revolution

Cards

Fund Transfers

Boleto

. Social cost

. Change

. Security (theft and fraud)

. Social gain: ≈ 0.7% GDP

BCB’s actions in instant payments

Task Force onInstant Payments

2018

Communiqué BCB 32,927/2018 and 34,085/2019 Ecosystem Guidelines

Alias data base

Instant Payments Ecosystem Guidelines

Instant Payments Ecosystem: main characteristics

Instant Payments Ecosystem GuidelinesAvailability Speed Convenience

Open enviroment

Multiplicity ofuse cases

Information

P2P

B2B

P2BPayment of

bills

P2BPoint of

sale

P2Be-

commerce

Multiplicity fo use cases

Government

+1

Coexistence

Money Other electronic instruments

Specification anddevelopment of the new ecosystem

Instant Payments Forum

Co-creation

Ecosystem functionalspecification

IP Forum

IP Forum Subgroups

Mar2019

Set2019

Dez2019

1º sem2021

Mar2019

Roadmap

Mar2019

Set2019

Dez2019

1º sem2021

IP Forum

Mar2019

Out2019

Dez2019

Jun2020

Nov2020

. Development of the settlement infrastructure

. Development of the alias database

. Participants' development

Regulation

Tests

Go-live

Business Definition

The IP ecosystem aims to

Improve customer

experience

.Convenience

.Information

Lower thecosts

.Improve competition

. Simplified structure with fewer intermediaries.

Enable New Business Models

.Speed

.Information

Contribute to electronizationand financial

inclusion

Thank you