Brazilian Payments Tracker June 2026: SumUp cuts debit MDRs and raises pre-payment rates; Update on PIX Tap-to-Pay rules

研报英文原文证据摘录

Brazilian Payments Tracker June 2026: SumUp cuts debit MDRs and raises pre-payment rates; Update on PIX Tap-to-Pay rules

Global Research

29 June 2026ab

Brazilian Payments Tracker June 2026 Equities

Latin AmericaSumUp cuts debit MDRs and raises pre-

payment rates; Update on PIX Tap-to-Pay rules Diversified Financial

Kaio Prato

Analyst

kaio.prato@ubs.com

SumUp cuts debit MDRs and raises pre-payment rates +55-11-3513 6573

In Jun-26, SumUp unified its PJ offering revenue brackets into a single category of Camila Azevedo

up to R$20k, vs. the previous segmentation of up to R$5k and R$5k-R$20k, and cut Associate Analyst

debit MDR to 0.99% (vs. 1.49% before). See below main changes observed in the camila.azevedo@ubs.com

system: +55-11-2767 6881

Debit MDR was down by -7bps MoM (driven by SumUp) and down by -10bps QoQ Bruno Kenji

(driven by SumUp, Mercado Pago and STNE). Associate Analyst

bruno.kenji@ubs.com

Avg. Credit MDR remained unchanged MoM, but QoQ it was down by -2bps, +55-11-2767 6056

driven by Stone. Thiago Batista, CFA

At Pre-payment rates, we saw increases in long-term installments (12x, by +20

thiago.batista@ubs.com

bps MoM and QoQ, driven by SumUp). +55-11-3513 6518

POS Prices remained unchanged MoM, but were down -2%QoQ, driven by lower

prices at M. Pago (at all offerings), and lower prices at Stone in the

intermediate offering.

BCB updates PIX Tap-to-Pay rules

The BCB published new rules for PIX Tap-to-Pay, removing the previous R$500 daily

cap and allowing users to set different maximum amounts for these transactions.

The change applies to contactless PIX transfers initiated within or outside banks’

apps, including digital wallets, which will now follow PIX’s general rules. The

feature remains unavailable to iPhone users, as NFC-based payments on Apple