Brazilian financial registrars Cerc and Núclea have asked the Banco Central do Brasil to set up Pix-backed collateral, so companies could pledge future payments received through Pix to secure loans, Valor International reported on November 10, 2026. The registrars estimate that payment flows worth more than R$15 trillion could back loans, a figure for potential flows that they say does not project credit issuance.
Why it matters: Cerc president Fernando Fontes said lenders that financed merchants against card receivables lose that cash flow when sales move to Pix. The proposal would link the registrars’ shared platform to the central bank’s directory of Pix keys, known as DICT, so pledged payments go to the lender, and the Brazilian Association of Banks (ABBC) has said Pix-backed collateral is still under study with no guarantee of adoption.
Source: Valor International, November 10, 2026
Related: Pix keys top 1 billion in Brazil as September transactions reach 7.1 billion · Yellow Card acquires Brazil GoMoney to add Pix and stablecoin settlement
Image: Paulo Rená da Silva Santarém, CC BY-SA 2.0, via Wikimedia Commons
