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BTG Pactual is one of the largest investment banks in Latin America and operates as a direct participant in Brazil’s Pix ecosystem. Through its Banking as a Service (BaaS) infrastructure, BTG provides indirect participants with regulated connectivity to BACEN’s SPI (Instant Payment System) and DICT (Transactional Account Identifier Directory).

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BTG’s role in the Pix ecosystem

As the direct participant, BTG handles the layers that require regulatory licensing and direct BACEN integration:
  • SPI connectivity — Sends and receives Pix payment messages (pacs.008, pacs.002, pacs.004) through BACEN’s real-time settlement infrastructure
  • DICT access — Manages Pix key lookups, registrations, and claim resolutions at the BACEN directory level
  • Settlement and liquidity — Processes financial settlement between institutions through BACEN’s infrastructure
  • Regulatory compliance — Maintains the certifications, audits, and operational requirements BACEN mandates for direct participants
  • Webhook notifications — Delivers real-time event callbacks for transaction status changes, key events, and dispute updates
  • mTLS security — Provides certificate-based authentication for secure webhook communication
Your institution retains full control of its ledger, customer data, business rules, and operational infrastructure. BTG provides connectivity — not account management.
Beyond standard transfers and DICT operations, the plugin supports the advanced Pix flows BACEN requires:
  • MED 2.0 Funds Recovery — track fraudulent fund movements across accounts and request coordinated refunds
  • Distributed partial refunds — return a refund debited from multiple internal accounts in one operation
  • Intra-PSP (P2P) transfers — settle internal transfers without BTG, while reporting to BACEN via TRCK002
  • Unblock — recover refunds or transfers stuck in PROCESSING

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Why BTG

BTG brings specific advantages as a direct participant for Pix operations:
  • Production-ready infrastructure — BTG already operates at scale in the Pix ecosystem, processing high volumes with proven reliability
  • Native integration with Lerian — The Indirect Pix Plugin includes built-in support for BTG’s APIs, authentication, and event model, eliminating custom middleware
  • Faster time to market — Institutions launch Pix in weeks instead of months, since BTG absorbs the regulatory and infrastructure complexity
  • Enterprise-grade security — mTLS webhook validation, API credential management, and certificate rotation come built into the integration
  • Simplified onboarding — BTG provides credentials directly when your institution signs up for indirect BACEN integration — no separate certification process required

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Next steps

With this context, explore how to configure and operate the plugin with BTG:
  • Setting up the integration — Configure the plugin’s connection to BTG, Midaz, CRM, and all supporting services
  • Webhooks — Event types, payloads, retries, and best practices for handling BTG notifications
  • MED 2.0 — Funds Recovery — Cross-account fraud recovery and the X-Purpose header
  • Refund operations — Distributed partial refunds and unblocking stuck operations
  • Intra-PSP transfers — Internal P2P settlement and TRCK002 reporting
  • API reference — Full API documentation for DICT, Claims, Transactions, QR Codes, and MED operations