What began as an operational "hiccup" in payments to retailers ended on the morning of Friday, March 27, with the final decision of the Central Bank (BC). The regulatory body decreed the extrajudicial liquidation of Entrepay Instituição de Pagamento, extending the measure to Acqio, the acquiring business, and Octa, the Direct Credit Company, the other two arms of the group.
In its decision, the Central Bank justified the measure due to the "compromised economic and financial situation" of the institutions, the violation of legal and regulatory norms, and the existence of losses that subjected creditors to an "abnormal risk."
"This is a small prudential conglomerate classified in segment S4 of prudential regulation, with Entrepay Instituição de Pagamento as the lead institution," writes the monetary authority.
"In December 2025, the conglomerate held approximately 0.009% of the total assets of the National Financial System (SFN). Regarding payment institutions and direct credit companies, the liquidated entities do not have funding through instruments covered by the Credit Guarantee Fund (FGC)," it adds.
EntrePay is part of the business conglomerate of businessman Antonio Carlos Freixo Júnior, who is the target of investigations by the Federal Police due to suspicions of fraud committed by Banco Master and significant alterations in Investment Funds in Credit Rights (FIDCs) that held the company as the assignor of the credits.
With the liquidation of the payment institution, the assets of the controllers and former administrators were made unavailable, and Cassio Haig Vartanian was appointed as liquidator to manage the company's estate.
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