Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) approved amendments to the regulations governing electronic money operations and basic savings accounts to align the two regimes, with the stated aim of reducing barriers for users and promoting the use of digital wallets as a means of payment. The changes are intended to remove a regulatory asymmetry and implement Law No. 32413 and Supreme Decree No. 11-2026-EF on enabling digital wallets to receive salary payments and other labour-related obligations. Under SBS Resolution No. 00704-2026, the SBS increased the limits applicable to simplified electronic money accounts and unified the approach to calculating operating limits. The resolution replaces the minimum living wage (Remuneración MÃnima Vital) with the Tax Unit (Unidad Impositiva Tributaria) as the reference for determining these limits, so thresholds update automatically to reflect inflation and changes in purchasing power. The SBS also reiterated that simplified electronic money accounts and basic savings accounts are designed to support financial inclusion, including streamlined account-opening requirements.
Superintendencia de Banca, Seguros y AFP del Peru 2026-03-12
Peru's Superintendency of Banking, Insurance and Private Pension Funds aligns electronic money and basic savings account rules and raises simplified e-money limits
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) approved amendments to align regulations for electronic money operations and basic savings accounts, aiming to reduce user barriers and promote digital wallets. Under SBS Resolution No. 00704-2026, the SBS increased limits for simplified electronic money accounts and replaced the minimum living wage with the Tax Unit as the reference for operating limits, ensuring automatic updates for inflation. These changes simplify account-opening requirements to support financial inclusion.