{ "jurisdiction_id": "PE", "jurisdiction": "Peru", "url": "https://payments.gi/jurisdictions/peru/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 75, "source_register": 108 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/peru/#w1a-licensing-authorisation-market-access", "standing_position": "Peru's e-money regime rests on Ley 29985 (2013), reserving e-money issuance to SBS-supervised EEDEs and multi-operation banks. From 1 April 2026 BCRP Circular 0022-2025-BCRP overlays a broader PSP taxonomy including a new non-SBS-supervised 'Entidad de Servicios de Pago' (ESP) category for fintechs, with tiered registration/authorisation pathways and phased adaptation deadlines to end-2026.", "findings": [ { "finding": null, "instrument_type": "statute", "source": "https://www.bcrp.gob.pe/docs/Transparencia/Normas-Legales/ley-29985.pdf", "source_url": "https://www.bcrp.gob.pe/docs/Transparencia/Normas-Legales/ley-29985.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://ally-law.com/fintech-regulation-guide-peru/", "source_url": "https://ally-law.com/fintech-regulation-guide-peru/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://www.estudiorodrigo.com/en/publications/fintech-alert-december-2025", "source_url": "https://www.estudiorodrigo.com/en/publications/fintech-alert-december-2025", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://iupana.com/2026/02/09/psp-peru-nuevo-actor-regulado-carga-responsabilidades-alinearse-estandar-financiero/", "source_url": "https://iupana.com/2026/02/09/psp-peru-nuevo-actor-regulado-carga-responsabilidades-alinearse-estandar-financiero/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://www.estudiorodrigo.com/en/publications/fintech-alert-december-2025", "source_url": "https://hazlodigital.pe/dinero-electronico-que-son-las-eede-y-quien-lidera-este-ecosistema-de-pagos-digitales/", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "authorisation", "source": "https://hazlodigital.pe/dinero-electronico-que-son-las-eede-y-quien-lidera-este-ecosistema-de-pagos-digitales/", "source_url": "https://hazlodigital.pe/dinero-electronico-que-son-las-eede-y-quien-lidera-este-ecosistema-de-pagos-digitales/", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W1b", "name": "Conduct, Safeguarding & Financial Promotions", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/peru/#w1b-conduct-safeguarding-financial-promotions", "standing_position": "Safeguarding of e-money funds is via mandatory fideicomiso (trust) arrangements under Ley 29985 art.6, supervised by SBS. Conduct governed by SBS Res. 3274-2017, amended by Res. 01689-2025, backstopped by updated infractions regime under Res. 01029-2026 adding market-conduct and cybersecurity infractions.", "findings": [ { "finding": null, "instrument_type": "statute", "source": "https://www2.congreso.gob.pe/sicr/cendocbib/con5_uibd.nsf/70BE9E43003ADE32052581B40070FB60/$FILE/29985.pdf", "source_url": "https://www2.congreso.gob.pe/sicr/cendocbib/con5_uibd.nsf/70BE9E43003ADE32052581B40070FB60/$FILE/29985.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://www.ey.com/es_pe/technical/tax-alert/modifican-reglamento-sistema-financiero-sbs", "source_url": "https://www.ey.com/es_pe/technical/tax-alert/modifican-reglamento-sistema-financiero-sbs", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://www.infobae.com/peru/2026/04/10/sbs-aprueba-nuevas-infracciones-para-empresas-afp-de-seguros-y-bancos/", "source_url": "https://www.infobae.com/peru/2026/04/10/sbs-aprueba-nuevas-infracciones-para-empresas-afp-de-seguros-y-bancos/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "consumer_protection", "source": "https://ally-law.com/fintech-regulation-guide-peru/", "source_url": "https://ally-law.com/fintech-regulation-guide-peru/", "source_tier": "4", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://lpderecho.pe/sbs-modifica-su-reglamento-de-infracciones-y-sanciones-de-los-sistemas-supervisados-resolucion-sbs-01029-2026/", "source_url": "https://lpderecho.pe/sbs-modifica-su-reglamento-de-infracciones-y-sanciones-de-los-sistemas-supervisados-resolucion-sbs-01029-2026/", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W2", "name": "Stablecoins & Digital Money", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/peru/#w2-stablecoins-digital-money", "standing_position": "Peru has no comprehensive cryptoasset or stablecoin statute. Supreme Decree 006-2023-JUS requires VASPs to run AML/CFT programmes reporting to UIF-Peru, with a GAFI-aligned travel-rule obligation phasing in for VASPs (effective date/instrument number requires verification — see gaps_register wpm-int-1). BCRP runs a live retail CBDC/offline-payments pilot (BiPay/Bitel) reaching several million users.", "findings": [ { "finding": null, "instrument_type": "regulation", "source": "https://www.lightspark.com/knowledge/is-crypto-legal-in-peru", "source_url": "https://www.lightspark.com/knowledge/is-crypto-legal-in-peru", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://chambers.com/content/item/6839", "source_url": "https://chambers.com/content/item/6839", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "pilot", "source": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2025/peru/trends-and-developments", "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2025/peru/trends-and-developments", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "pilot", "source": "https://elperuano.pe/noticia/299251-pagos-digitales-y-regulacion-conoce-los-cambios-regulatorios-que-vienen-en-peru", "source_url": "https://elperuano.pe/noticia/299251-pagos-digitales-y-regulacion-conoce-los-cambios-regulatorios-que-vienen-en-peru", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "supervisory_posture", "source": "https://www.lightspark.com/knowledge/is-crypto-legal-in-peru", "source_url": "https://elperuano.pe/noticia/299251-pagos-digitales-y-regulacion-conoce-los-cambios-regulatorios-que-vienen-en-peru", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W3", "name": "Operational Resilience & Critical Infrastructure", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/peru/#w3-operational-resilience-critical-infrastructure", "standing_position": "Operational resilience for SBS-supervised entities governed by Resolucion SBS 504-2021 (proportionate three-tier SGSI-C), complementing Res. 2116-2009. The new BCRP payments regulation (Circular 0022-2025-BCRP) extends analogous cybersecurity expectations, previously bank-only, to ESPs and other payment-system participants.", "findings": [ { "finding": null, "instrument_type": "regulation", "source": "https://cms.law/en/per/publication/sbs-emite-el-reglamento-para-la-gestion-de-la-seguridad-de-la-informacion-y-la-ciberseguridad-y-dictamina-otras-disposiciones", "source_url": "https://cms.law/en/per/publication/sbs-emite-el-reglamento-para-la-gestion-de-la-seguridad-de-la-informacion-y-la-ciberseguridad-y-dictamina-otras-disposiciones", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://gestion.pe/tecnologia/sbs-propone-medidas-para-reforzar-la-seguridad-de-la-informacion-y-ciberseguridad-noticia/", "source_url": "https://gestion.pe/tecnologia/sbs-propone-medidas-para-reforzar-la-seguridad-de-la-informacion-y-ciberseguridad-noticia/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "incident_reporting", "source": "https://cms.law/en/per/publication/sbs-emite-el-reglamento-para-la-gestion-de-la-seguridad-de-la-informacion-y-la-ciberseguridad-y-dictamina-otras-disposiciones", "source_url": "https://practiceguides.chambers.com/practice-guides/fintech-2026/peru/trends-and-developments", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://practiceguides.chambers.com/practice-guides/fintech-2026/peru/trends-and-developments", "source_url": "https://resguard-solutions.com/blog/en/peru-cybersecurity-compliance/", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "legal_framework", "source": "https://resguard-solutions.com/blog/en/peru-cybersecurity-compliance/", "source_url": "https://resguard-solutions.com/blog/en/peru-cybersecurity-compliance/", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W4", "name": "Scheme & Network Compliance", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/peru/#w4-scheme-network-compliance", "standing_position": "Card-scheme conduct governed by BCRP's Card Payment Agreements Regulation (Circular 0027-2022-BCRP, the 'APT Regulation'); interoperability across QR/wallet rails mandated under Circular 024-2022-BCRP. PCI DSS certification is a de facto requirement for major acquirers (Niubiz, Culqi, Izipay). Merchant discount rates cluster around 3.4%-4.0% plus IGV.", "findings": [ { "finding": null, "instrument_type": "regulation", "source": "https://www.bcrp.gob.pe/docs/Transparencia/Normas-Legales/Circulares/2022/circular-0027-2022-bcrp-anexos.pdf", "source_url": "https://www.bcrp.gob.pe/docs/Transparencia/Normas-Legales/Circulares/2022/circular-0027-2022-bcrp-anexos.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulation", "source": "https://chambers.com/content/item/6839", "source_url": "https://chambers.com/content/item/6839", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "market_practice", "source": "https://adratechsystems.com/recursos/izipay-vs-niubiz-vs-culqi-comparativa-peru", "source_url": "https://adratechsystems.com/recursos/izipay-vs-niubiz-vs-culqi-comparativa-peru", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "market_practice", "source": "https://adratechsystems.com/recursos/niubiz-peru-guia-completa-costos-integracion", "source_url": "https://adratechsystems.com/recursos/niubiz-peru-guia-completa-costos-integracion", "source_tier": "4", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "certification", "source": "https://www.izipay.pe/link-de-pago/", "source_url": "https://www.izipay.pe/link-de-pago/", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W5", "name": "Payment Corridor Dynamics", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/peru/#w5-payment-corridor-dynamics", "standing_position": "The US-Peru remittance corridor is the dominant cross-border flow, with record USD 5,368m inbound in 2025 (56% from US) and projected USD 5,515m in 2026. Law 32211 exempted remittances from IGV. EEDEs have CCE/RTGS access since June 2023, and BCP secured Fed approval in 2026 for a Miami branch to streamline settlement.", "findings": [ { "finding": null, "instrument_type": "corridor_data", "source": "https://forbes.pe/economia-y-finanzas/2026-02-27/bcrp-las-remesas-del-exterior-crecieron-117-en-2025", "source_url": "https://forbes.pe/economia-y-finanzas/2026-02-27/bcrp-las-remesas-del-exterior-crecieron-117-en-2025", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "corridor_forecast", "source": "https://revistaganamas.com.pe/bcrp-eleva-proyeccion-de-remesas-al-pais-y-preve-nuevos-records-en-2026-y-2027/", "source_url": "https://revistaganamas.com.pe/bcrp-eleva-proyeccion-de-remesas-al-pais-y-preve-nuevos-records-en-2026-y-2027/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "statute", "source": "https://www.infobae.com/peru/2025/02/27/remesas-hacia-el-peru-bordearon-los-us5000-millones-en-2024-y-envios-serian-exonerados-de-igv-este-ano/", "source_url": "https://www.infobae.com/peru/2025/02/27/remesas-hacia-el-peru-bordearon-los-us5000-millones-en-2024-y-envios-serian-exonerados-de-igv-este-ano/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "market_access", "source": "https://www.bcrp.gob.pe/eng-docs/Publications/white-paper-interoperability.pdf", "source_url": "https://www.bcrp.gob.pe/eng-docs/Publications/white-paper-interoperability.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "corridor_infrastructure", "source": "https://larepublica.pe/amp/economia/2026/04/28/bcp-en-estados-unidos-que-significa-la-aprobacion-de-la-reserva-federal-y-como-beneficiara-a-clientes-y-empresas-hnews-1346324", "source_url": "https://larepublica.pe/amp/economia/2026/04/28/bcp-en-estados-unidos-que-significa-la-aprobacion-de-la-reserva-federal-y-como-beneficiara-a-clientes-y-empresas-hnews-1346324", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W6", "name": "Industry Structure & Commercial Dynamics", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/peru/#w6-industry-structure-commercial-dynamics", "standing_position": "Peru's payments market is dominated by five universal banks alongside a growing EEDE segment led by TPP (Ligo/LigoPay, ~45% revenue share) and bank-affiliated super-app wallets Yape/Plin. Credicorp has consolidated fintech assets (Culqi) under Krealo; a 242-strong COOPAC sector and a fast-growing Peru Payments Association (4 to 34 members) round out the structure.", "findings": [ { "finding": null, "instrument_type": "market_structure", "source": "https://www.rapyd.net/blog/peru-payments-guide/", "source_url": "https://www.rapyd.net/blog/peru-payments-guide/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "market_concentration", "source": "https://hazlodigital.pe/dinero-electronico-que-son-las-eede-y-quien-lidera-este-ecosistema-de-pagos-digitales/", "source_url": "https://hazlodigital.pe/dinero-electronico-que-son-las-eede-y-quien-lidera-este-ecosistema-de-pagos-digitales/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "consolidation", "source": "https://www.fynsa.com/en/newsletter/boom-fintech-en-peru-startups-financieras-impulsan-la-innovacion-y-la-inclusion-en-2025/", "source_url": "https://www.fynsa.com/en/newsletter/boom-fintech-en-peru-startups-financieras-impulsan-la-innovacion-y-la-inclusion-en-2025/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "market_structure", "source": "https://www.comexperu.org.pe/articulo/riesgos-para-la-estabilidad-del-sistema-financiero-peruano-en-2025", "source_url": "https://www.comexperu.org.pe/articulo/riesgos-para-la-estabilidad-del-sistema-financiero-peruano-en-2025", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "industry_association", "source": "https://perupayments.com/en/bcrp-publicara-reglamento-clave-en-pagos-digitales-y-sbs-la-hoja-de-ruta-para-las-finanzas-abiertas/", "source_url": "https://perupayments.com/en/bcrp-publicara-reglamento-clave-en-pagos-digitales-y-sbs-la-hoja-de-ruta-para-las-finanzas-abiertas/", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W7", "name": "Legal & Litigation", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/peru/#w7-legal-litigation", "standing_position": "Enforcement activity centres on INDECOPI consumer-protection sanctions against banks for unauthorised/unrecognised card transactions and unauthorised card issuance, running parallel with SBS's own sanctioning regime, expanded via Res. 01029-2026. INDECOPI has visibly stepped up scrutiny of banks' fraud-prevention controls through 2025-2026.", "findings": [ { "finding": null, "instrument_type": "enforcement_action", "source": "https://larepublica.pe/economia/2025/11/08/cliente-de-interbank-sufre-fraude-pese-a-bloquear-su-tarjeta-indecopi-sanciona-al-banco-por-incumplir-su-deber-de-proteccion-atmp-687600", "source_url": "https://larepublica.pe/economia/2025/11/08/cliente-de-interbank-sufre-fraude-pese-a-bloquear-su-tarjeta-indecopi-sanciona-al-banco-por-incumplir-su-deber-de-proteccion-atmp-687600", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "enforcement_action", "source": "https://www.infobae.com/peru/2025/05/12/indecopi-multa-al-bcp-cajero-se-comio-tarjeta-de-cliente-y-banco-permitio-retiros-ilegales-por-mas-de-s-15-mil/", "source_url": "https://www.infobae.com/peru/2025/05/12/indecopi-multa-al-bcp-cajero-se-comio-tarjeta-de-cliente-y-banco-permitio-retiros-ilegales-por-mas-de-s-15-mil/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "enforcement_action", "source": "https://larepublica.pe/sociedad/2026/05/11/indecopi-sanciona-a-interbank-con-mas-de-s19000-por-entregar-tarjeta-de-credito-sin-autorizacion-934010", "source_url": "https://larepublica.pe/sociedad/2026/05/11/indecopi-sanciona-a-interbank-con-mas-de-s19000-por-entregar-tarjeta-de-credito-sin-autorizacion-934010", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulatory_reform", "source": "https://lpderecho.pe/sbs-modifica-su-reglamento-de-infracciones-y-sanciones-de-los-sistemas-supervisados-resolucion-sbs-01029-2026/", "source_url": "https://lpderecho.pe/sbs-modifica-su-reglamento-de-infracciones-y-sanciones-de-los-sistemas-supervisados-resolucion-sbs-01029-2026/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulatory_reform", "source": "https://www.infobae.com/peru/2026/03/18/sbs-a-partir-de-junio-bancos-deberan-responder-por-fraudes-en-tarjetas-de-credito-emitidas-antes-de-julio-de-2025/", "source_url": "https://www.infobae.com/peru/2026/03/18/sbs-a-partir-de-junio-bancos-deberan-responder-por-fraudes-en-tarjetas-de-credito-emitidas-antes-de-julio-de-2025/", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W8", "name": "Merchant Acquiring & Risk", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/peru/#w8-merchant-acquiring-risk", "standing_position": "Card acquiring concentrated among Niubiz (market leader), Culqi (Credicorp-owned) and Izipay, all PCI DSS certified. Onboarding-to-settlement speed varies materially; QR-based wallet rails (Yape, Plin) operate largely outside formal card-scheme chargeback mechanics.", "findings": [ { "finding": null, "instrument_type": "market_practice", "source": "https://adratechsystems.com/recursos/izipay-vs-niubiz-vs-culqi-comparativa-peru", "source_url": "https://adratechsystems.com/recursos/izipay-vs-niubiz-vs-culqi-comparativa-peru", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "risk_practice", "source": "https://adratechsystems.com/recursos/guia-completa-pasarelas-pago-peru-2026", "source_url": "https://adratechsystems.com/recursos/guia-completa-pasarelas-pago-peru-2026", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "onboarding", "source": "https://adratechsystems.com/recursos/guia-completa-pasarelas-pago-peru-2026", "source_url": "https://www.izipay.pe/link-de-pago/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "risk_control", "source": "https://www.izipay.pe/link-de-pago/", "source_url": "https://www.nuvei.com/apm/niubiz", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "risk_control", "source": "https://www.nuvei.com/apm/niubiz", "source_url": "https://www.nuvei.com/apm/niubiz", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W9", "name": "Product Innovation & Market Development", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/peru/#w9-product-innovation-market-development", "standing_position": "2025-2026 marks a transformative phase for Peruvian payments product development: new PSP framework, SBS Open Finance Roadmap (Feb 2026) targeting first data exchange by late 2027, BCRP TAPP infrastructure slated for December 2026, expanded regulatory sandbox, and scaling BiPay CBDC/offline-payments pilot.", "findings": [ { "finding": null, "instrument_type": "regulatory_framework", "source": "https://practiceguides.chambers.com/practice-guides/fintech-2026/peru/trends-and-developments", "source_url": "https://practiceguides.chambers.com/practice-guides/fintech-2026/peru/trends-and-developments", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "roadmap", "source": "https://practiceguides.chambers.com/practice-guides/fintech-2026/peru/trends-and-developments", "source_url": "https://elperuano.pe/noticia/299251-pagos-digitales-y-regulacion-conoce-los-cambios-regulatorios-que-vienen-en-peru", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "infrastructure", "source": "https://elperuano.pe/noticia/299251-pagos-digitales-y-regulacion-conoce-los-cambios-regulatorios-que-vienen-en-peru", "source_url": "https://chambers.com/content/item/6839", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "sandbox", "source": "https://chambers.com/content/item/6839", "source_url": "https://chambers.com/content/item/6839", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "adoption_metrics", "source": "https://elperuano.pe/noticia/299251-pagos-digitales-y-regulacion-conoce-los-cambios-regulatorios-que-vienen-en-peru", "source_url": "https://chambers.com/content/item/6839", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "adoption_metrics", "source": "https://chambers.com/content/item/6839", "source_url": "https://chambers.com/content/item/6839", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W10", "name": "Consumer Protection & APP Fraud", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/peru/#w10-consumer-protection-app-fraud", "standing_position": "Consumer protection runs on a dual track: INDECOPI (Ley 29571) handles individual complaints via mandatory Libro de Reclamaciones, with fines up to 450 UIT; SBS mandates bank liability for unrecognised card transactions absent proof of user fault, with the pre-July-2025-card liability deadline extended twice, now to 1 June 2026.", "findings": [ { "finding": null, "instrument_type": "consumer_protection", "source": "https://abogadope.com/pages/indecopi-consumidor.html", "source_url": "https://abogadope.com/pages/indecopi-consumidor.html", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "app_fraud_liability", "source": "https://gestion.pe/tu-dinero/finanzas-personales/operaciones-bancarias-no-reconocidas-por-clientes-en-que-casos-pueden-ser-reembolsadas-bancos-en-peru-sanciones-de-indecopi-noticia/", "source_url": "https://gestion.pe/tu-dinero/finanzas-personales/operaciones-bancarias-no-reconocidas-por-clientes-en-que-casos-pueden-ser-reembolsadas-bancos-en-peru-sanciones-de-indecopi-noticia/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "app_fraud_liability", "source": "https://www.infobae.com/peru/2026/03/18/sbs-a-partir-de-junio-bancos-deberan-responder-por-fraudes-en-tarjetas-de-credito-emitidas-antes-de-julio-de-2025/", "source_url": "https://www.infobae.com/peru/2026/03/18/sbs-a-partir-de-junio-bancos-deberan-responder-por-fraudes-en-tarjetas-de-credito-emitidas-antes-de-julio-de-2025/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "complaints_mechanism", "source": "https://abogadope.com/pages/indecopi-consumidor.html", "source_url": "https://www.indecopi.gob.pe/en/-/desde-el-16-de-marzo-al-24-de-julio-el-indecopi-registro-mas-de-veinte-mil-reportes-contra-el-servicio-bancario-y-financiero", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "complaints_volume", "source": "https://www.indecopi.gob.pe/en/-/desde-el-16-de-marzo-al-24-de-julio-el-indecopi-registro-mas-de-veinte-mil-reportes-contra-el-servicio-bancario-y-financiero", "source_url": "https://www.indecopi.gob.pe/en/-/desde-el-16-de-marzo-al-24-de-julio-el-indecopi-registro-mas-de-veinte-mil-reportes-contra-el-servicio-bancario-y-financiero", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/peru/#w11-aml-cft-financial-crime", "standing_position": "Sentinel position: Peru's AML/CFT payments-context posture anchored on UIF-Peru (housed within SBS since 2007) as FIU, under GAFILAT mutual-evaluation oversight. Recent expansions bring private investment-fund managers and non-Ley-26702 factoring companies into the obligated-subject perimeter (DS 008-2025-JUS), and a GAFI-aligned travel rule for VASPs is phasing in (instrument/date requires verification).", "findings": [ { "finding": null, "instrument_type": "risk_monitoring", "source": "https://www.sbs.gob.pe/Portals/5/jer/BOLETIN-INFORMATIVOS/2025/BOLETIN_UIF_146.pdf", "source_url": "https://www.sbs.gob.pe/Portals/5/jer/BOLETIN-INFORMATIVOS/2025/BOLETIN_UIF_146.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": "AML/CFT architecture centres on SBS's Unidad de Inteligencia Financiera (UIF-Perú), Law 26702 (Financial System Law) and CONTRALAFT coordination. Peru underwent a 2018 GAFILAT/FATF on-site evaluation (MER published 2019, FUR 2020). Lawyers, accountants and cooperativas remain weakly supervised; no VASP-specific AML statute exists.", "instrument_type": "assessment", "source": "FIM (sentinel.gi) per-JID baseline profile — Peru", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Peru presidential transition following contested 2026 runoff", "instrument_type": "regulatory_horizon", "source": "FIM (sentinel.gi) regulatory_horizon_register (issue FIM-BASE-HRZ-001)", "source_url": null, "source_tier": "2", "retrieved_at": null }, { "finding": "Gap: sourcing-thinness", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-004)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Sanctions: national divergence", "instrument_type": "sanctions_change", "source": "FIM (sentinel.gi) sanctions_change_register (issue FIM-BASE-SANC-002)", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": "Gap: legal-gap", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-003)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: political-constraint", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-002)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: enforcement-absence", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-001)", "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/peru/#w12-correspondent-banking-settlement-access", "standing_position": "BCRP operates/designates Sistema LBTR (RTGS), the CCE, and the SLMV. BCRP maintains an approved list of first-category foreign correspondent banks, and in 2026 approved BCP's Miami branch, deepening direct US-Peru correspondent access.", "findings": [ { "finding": null, "instrument_type": "settlement_infrastructure", "source": "https://www.bcrp.gob.pe/en/payments-system.html", "source_url": "https://www.bcrp.gob.pe/en/payments-system.html", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "settlement_mechanics", "source": "https://www.bcrp.gob.pe/docs/Transparencia/Normas-Legales/Circulares/2021/circular-0029-2021-bcrp.pdf", "source_url": "https://www.bcrp.gob.pe/docs/Transparencia/Normas-Legales/Circulares/2021/circular-0029-2021-bcrp.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "correspondent_list", "source": "https://www.bcrp.gob.pe/docs/Transparencia/Normas-Legales/Circulares/2015/circular-036-2015-bcrp.pdf", "source_url": "https://www.bcrp.gob.pe/docs/Transparencia/Normas-Legales/Circulares/2015/circular-036-2015-bcrp.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "correspondent_access", "source": "https://larepublica.pe/amp/economia/2026/04/28/bcp-en-estados-unidos-que-significa-la-aprobacion-de-la-reserva-federal-y-como-beneficiara-a-clientes-y-empresas-hnews-1346324", "source_url": "https://larepublica.pe/amp/economia/2026/04/28/bcp-en-estados-unidos-que-significa-la-aprobacion-de-la-reserva-federal-y-como-beneficiara-a-clientes-y-empresas-hnews-1346324", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "system_structure", "source": "https://www.trade.gov/country-commercial-guides/peru-trade-financing", "source_url": "https://www.trade.gov/country-commercial-guides/peru-trade-financing", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "Assessed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/peru/#w13-commercial-intelligence-fintech", "standing_position": "Trailing-12-month commercial activity centres on Credicorp/Krealo's fintech consolidation and venture investment (Culqi CEO change, Akua and Welli investments), alongside major regulatory-driven market events: BCRP's new payments regulation, SBS's Open Finance Roadmap, and the Fed's approval of BCP's Miami branch.", "findings": [ { "finding": null, "instrument_type": "commercial_event", "source": "https://gestion.pe/noticias/credicorp/", "source_url": "https://gestion.pe/noticias/credicorp/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "commercial_event", "source": "https://gestion.pe/noticias/credicorp/", "source_url": "https://larepublica.pe/amp/economia/2026/04/28/bcp-en-estados-unidos-que-significa-la-aprobacion-de-la-reserva-federal-y-como-beneficiara-a-clientes-y-empresas-hnews-1346324", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "commercial_event", "source": "https://larepublica.pe/amp/economia/2026/04/28/bcp-en-estados-unidos-que-significa-la-aprobacion-de-la-reserva-federal-y-como-beneficiara-a-clientes-y-empresas-hnews-1346324", "source_url": "https://www.estudiorodrigo.com/en/publications/fintech-alert-december-2025", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulatory_market_event", "source": "https://www.estudiorodrigo.com/en/publications/fintech-alert-december-2025", "source_url": "https://practiceguides.chambers.com/practice-guides/fintech-2026/peru/trends-and-developments", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulatory_market_event", "source": "https://practiceguides.chambers.com/practice-guides/fintech-2026/peru/trends-and-developments", "source_url": "https://practiceguides.chambers.com/practice-guides/fintech-2026/peru/trends-and-developments", "source_tier": "2", "retrieved_at": "2026-07-04" } ] } ] }