Open banking: third phase starts today (29); see what changes

After two months of delay, the third phase of Open Banking will begin to be implemented this Friday (29). The stage was initially scheduled for August 30, but its deadline was changed due to requests from banks and fintechs.

Now, the integration with the PIX system and the submission of credit proposals will begin. Check out the main news brought by the new phase, which promises to guarantee more freedom and convenience to Brazilians.

What changes in the third phase?

With the implementation of the PIX system in the third phase of Open Banking, users will be able to make a payment without having to open the bank’s application. Thus, it will be possible to transfer money directly to the service where the purchase is being made, without having to leave the interface. Currently, you need to copy and paste the store key or use a QR Code.

The novelty may be adopted by non-financial stores and apps that sell products and services over the internet. Remember that to use PIX without leaving the application, the company responsible for the service must have made a request to the Central Bank for approval of the procedure.

The third phase will be implemented in four stages:

  • October 29: start PIX payments directly in apps;
  • February 15, 2022: start of transactions with TED and transfers between accounts of the same institution;
  • June 30, 2022: payment slips;
  • September 30, 2022: beginning of payments by debiting the account.

In addition to the integration with the PIX, the third phase will also include the submission of bank credit proposals. This means that, if the user allows it, financial institutions will have access to customer data and will be able to send more coherent proposals, based on each person’s background. This step, however, should only start on March 30, 2022.

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