The Financial Espresso: B3’s sanction; New rules for PIX Tap-to-Pay; Bz credit cards; Bradesco; Revolut‘s Click to Pay; Argentina

Research evidence excerpt

The Financial Espresso: B3’s sanction; New rules for PIX Tap-to-Pay; Bz credit cards; Bradesco; Revolut‘s Click to Pay; Argentina

limits to their daily transaction for this modality, vs. the

previous fixed ceiling of R$500 per transaction. Under the updated framework,

amounts transacted via tap-to-pay will count toward the user’s overall PIX limit

rather than being tracked separately, and financial institutions have until October

1st, 2026 to implement the changes. The new rules also align PIX Tap-to-Pay with

the Open Finance payment flow used by Google Pay and Samsung Pay, unifying the

regulatory treatment across both modalities. Notably, the feature remains

unavailable to iPhone users pending resolution of an ongoing dispute between Apple

and CADE, which has been investigating Apple for anticompetitive practices related

to NFC access since April 2025. Our take: The removal of the fixed R$500 cap could

accelerate PIX usage by making the payment journey less frictional and closer to

card tap-to-pay. For STNE and PAGS, higher PIX usage at the POS could shift volumes

away from other payment methods with higher transaction fees.

ABECS: 85% of Brazilians pay their credit card bill on time

According to a quarterly Datafolha survey commissioned by ABECS, and published by

Valor, 85% of Brazilian credit card users paid their full bill on time in March 2026,

avoiding revolving credit (a figure consistent with the 85-90% range the survey has

historically recorded over more than a decade of tracking). More importantly, the

research showed that card usage remains broadly stable, with 76% of the population

using some form of card for payments. On the volume side, credit card transactions

continues to grow (ABECS: TPV was up by ~13%YoY in 1Q26), while BCB data for April