BC Decrees Out-of-Court Settlement of Payment Institution MW
5 Articles
5 Articles
On Thursday (29) the Central Bank decreed the out-of-court settlement of the MW Payment Institution Ltda., based in Joinville (SC). In a note, the monetary authority states that MW has low representation in the National Financial System (SFN), with less than 0.0002% of the total assets. The decree of the out-of-court settlement was motivated by the finding of serious violations of the rules governing the institutions belonging to the Brazilian P…
The Central Bank (BC) decreed on Thursday (29) the out-of-court liquidation of MW Payment Institution Ltda., known as MW Pay, for identifying serious violations of the rules that discipline the institutions belonging to the Brazilian Payment System (SPB) and the activities of the institution. With headquarters in Joinville (SC), the company offers technological infrastructure for payments [...]
On Thursday (29) the Central Bank decreed the liquidation of the payment institution MW, based in Joinville (Santa Catarina), after detecting serious violations of the rules governing the performance of members of the Brazilian payment system. Read more (10/29/2026)
According to the BC, the extreme measure was motivated by the finding of serious violations of legal and regulatory banking standards
Decision was motivated by the finding of serious violations of the rules governing the institutions belonging to the Brazilian Payment System
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