Peru's Superintendence of Banking, Insurance and Pension Funds (SBS) and the Consultative Group to Assist the Poor (CGAP) of the World Bank have been developing a project to promote a safer, more transparent and more inclusive digital finance ecosystem in Peru amid rapid digitisation of financial services. The project’s conceptual framework, centred on a comprehensive approach to responsible digital finance that balances innovation, user experience and sound risk management, was presented at an SBS-hosted event attended by more than 80 stakeholders. The event also shared inputs on the use of digital financial products and services that helped identify key challenges for the ecosystem. SBS Superintendent Sergio Espinosa underlined the need for coordinated action in an increasingly interconnected environment, including strengthening user trust in digital financial services, and highlighted SBS initiatives aimed at promoting innovation, competition and efficiency while reinforcing consumer protection and system stability; he also pointed to the need to strengthen financial education. A panel discussion brought together representatives from the Central Reserve Bank of Peru, SBS, Yape and Visa on managing emerging risks, strengthening market practices and improving coordination. The session concluded with collaborative working groups where participants exchanged experiences, developed recommendations and contributed to proposals and lines of action to address the main challenges identified.
Superintendencia de Banca, Seguros y AFP del Peru 2026-01-27
Peru's Superintendence of Banking, Insurance and Pension Funds and CGAP present a responsible digital finance framework to support a safer and more inclusive ecosystem
Peru's Superintendence of Banking, Insurance and Pension Funds (SBS) and the Consultative Group to Assist the Poor (CGAP) of the World Bank are developing a project to enhance Peru's digital finance ecosystem. The initiative focuses on responsible digital finance, balancing innovation with risk management, and was discussed at an SBS event with over 80 stakeholders. Key topics included strengthening user trust, promoting innovation, and improving financial education, with input from the Central Reserve Bank of Peru, Yape, and Visa.