Central Bank of Brazil introduces optional balance and limit data sharing for Open Finance payment setup

The Central Bank of Brazil has introduced an optional Open Finance feature that lets customers share balance and available limit data when linking an account for payments. The option applies when a customer connects an account for Pix by proximity in a digital wallet or authorizes automatic account movements through Open Finance, allowing the customer to see available funds before a transaction and reducing the need for separate consent flows for data sharing and payment setup. The feature, described as an optimized journey, can be offered only in two Open Finance payment use cases: account linking with a payment initiator, including Pix by proximity via digital wallets, and automatic transfers between a customer’s own accounts under Transferências Inteligentes. Sharing is optional and must be actively selected by the customer, with no pre-filled consent box. Institutions must allow account linking or automatic transfer authorization to proceed even if the customer does not choose to share balance and limit data. Consent can be revoked at any time. Customers may withdraw only the balance and limit sharing while keeping the payment link active, but cancelling the payment link also automatically cancels the related data sharing. The Central Bank also reiterated that Open Finance permissions rely on explicit consent, strong authentication and standardized API-based data sharing among authorized institutions.