Banking and Financial Services
20/12/2022
NEW CENTRAL BANK RULE FOR FINTECHS IN BRAZIL
After a recent regulatory change promoted by the Central Bank, on September 26 of this year, the monetary authority imposed a maximum limit on the Interchange Fee (TIC) of cards issued by Fintechs, as was already foreseen for bank cards. BCB Resolution No. 246[1] stipulated a limit of 0.7% for fintech cards, while for bank…