A regulação administrativa como instrumento para a promoção da inclusão financeira: aspectos gerais da atuação do banco central no mercado de meios de pagamento

Abstract

Financial inclusion is an institutional objective in Brazil, given its potential to provide citizens with the means to transform their social reality. However, the banking strategy adopted by financial institutions since 1964 has devalued and, in some cases, simply ignored certain segments of society, especially those with lower economic capacity. The technological development that took place in recent decades, mainly from the popularization of smartphones and the internet, provided the emergence of new institutions focused on the digitalization and innovation of means of payment. Therefore, considering the relevance acquired by this market, it was necessary to implement a normative framework capable of guaranteeing the prevalence of public interests as a guarantee of a competitive environment and consumer protection, especially the most vulnerable ones. So, the present work aims to analyze the importance of administrative regulation carried out by the Central Bank of Brazil, from Law 12,865 of October 9, 2013, for the development of the means of payment market and increase of the population's financial inclusion.