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Brazil’s Central Bank Launches Fully Digital Duplicata System

The new electronic registry aims to boost transparency, curb fraud, widen credit for small firms by creating a centralized auditable record that the Banco Central will oversee during a phased rollout through mid 2028.

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Overview

  • The Banco Central officially unveiled the duplicata escritural ecosystem on Tuesday, June 30, 2026, and has begun a production‑assist testing phase before mandatory adoption.
  • Authorized record-keepers called escrituradoras will register each duplicata across its full life cycle to ensure uniqueness and traceability, with B3, Cerc and Núclea cleared so far.
  • The BC set a staggered compliance timetable that makes the system compulsory for large companies from June 2027, for medium companies by December 2027, and for small firms from June 2028.
  • Industry estimates point to very large volumes, with Núclea citing about R$11 trillion addressable and the ABBC saying R$1 trillion of outstanding duplicatas is feasible within two to three years.
  • Officials say the reform should lower duplicate financing and 'duplicata fria' fraud and broaden lending to SMEs, but they warn of integration costs, cultural change inside firms and the need for strong internal controls while the BC monitors rollout closely.