Fintech & payments regulation in Peru (2026)
Fintech and digital payments in Peru: licensing regime.
Peru has an in-force licensing regime for e-money: since 2013, Law 29985 lets the SBS authorize and prudentially supervise Electronic Money Issuing Companies (EEDE), and the BCRP regulates payment systems and instant-payment interoperability (a new services-based National Payment System Regulation took effect 1 April 2026, formalizing PSP/acquirer/payment-initiation authorizations). However, Peru has NO single comprehensive 'fintech law', open finance is only at the roadmap stage (SBS Hoja de Ruta, Feb 2026, with third-party providers still outside the regulatory perimeter), and BNPL has no dedicated framework, so non-deposit fintech activities are largely covered by sectoral/registration rules rather than one unified statute.
Legal framework
Law No. 29985 (Electronic Money Law, 2013) and its regulation (Supreme Decree 090-2013-EF), plus SBS Resolution 6284-2013 governing Electronic Money Issuing Companies (EEDE), supervised by the Superintendencia de Banca, Seguros y AFP (SBS); payment systems and immediate-payment rails are regulated by the Banco Central de Reserva del Perú (BCRP) under the National Payment System Regulation.
Key points: digital payments & fintech in Peru
E-money licensing (EEDE)
Law 29985 created Electronic Money Issuing Companies as complementary financial-service firms (sociedades anónimas) that may hold pooled customer funds but cannot lend them; the SBS authorizes market entry/exit, operations and limits. Minimum capital was set at ~S/ 2,268,519 (quarterly-indexed) with effective equity of at least 2% of e-money in circulation.
Regulators: SBS and BCRP
The SBS handles licensing, prudential oversight and consumer disclosures for financial firms and e-money issuers; the BCRP governs the National Payment System, retail-payment interoperability and oversees payment service providers (PSPs) and clearing.
New payment-system regulation (in force Apr 2026)
The BCRP modernized the General Regulation of the National Payment System, effective 1 April 2026, moving to a services-based framework covering immediate payments, payment initiation and acquiring, with new cybersecurity, transparency, commission, subcontracting and sanctions rules; payment-service providers must file for authorization on a schedule running through 31 December 2026.
Instant-payment interoperability
BCRP-mandated interoperability links the main wallets (Yape, Plin, Bim) and bank accounts via aliases and QR; over 186 million interoperable transactions occurred monthly by June 2025. A public payment-initiation platform, TAPP, is slated to launch in late 2026 as Phase 4 (fintech inclusion).
Open finance only at roadmap stage
In February 2026 the SBS published an Open Finance Roadmap (Hoja de Ruta de Finanzas Abiertas), but there is no binding open-banking regime in force; the SBS acknowledges that third-party providers and fintechs remain outside its regulatory perimeter and will be incorporated only gradually in a later phase.
No dedicated fintech/BNPL statute
Peru has no single comprehensive fintech law; fintech activities are unregulated unless they perform reserved activities (e.g., financial intermediation needs SBS authorization, and lending/factoring/FX require SBS registration). BNPL has no specific rules, though INDECOPI and the SBS may add consumer-protection/KYC requirements.
Sources
- bcrp.gob.pe/docs/Transparencia/Normas-Legales/ley-29985.pdf
- bcrp.gob.pe/transparencia/datos-generales/marco-legal/ley-del-dinero-electronico.
- mef.gob.pe/es/por-instrumento/decreto-supremo/9970-decreto-supremo-n-090-2013-ef
- sbs.gob.pe/supervisados-y-registros/empresas-supervisadas/directorio-de-empresas
- bcrp.gob.pe/sistema-de-pagos/interoperabilidad/estrategia-de-interoperabilidad-de
- larepublica.pe/economia/2025/12/06/bcrp-moderniza-el-reglamento-general-del-sistema-
- practiceguides.chambers.com/practice-guides/fintech-2026/peru/trends-and-developments
- practiceguides.chambers.com/practice-guides/fintech-2025/peru/trends-and-developments
- ally-law.com/fintech-regulation-guide-peru/
- resourcehub.bakermckenzie.com/en/resources/global-financial-services-regulatory-guide/latin-america
- infobae.com/peru/2026/04/27/fin-del-monopolio-de-las-apps-bancarias-bcr-lanzara-t
Next for Peru: Digital Nomad & ResidencyUnclear
Next topicOrientation, not legal advice: verify against the primary sources linked above. Last verified 25 May 2026. Methodology & how to cite · State of Technology Regulation 2026