The Superintendence of Banking, Insurance and Private Pension Fund Administrators of Peru (SBS) has authorized Prex Perú Empresa de Créditos S.A. to operate as a credit company through a fully digital financial platform. The move shifts Prex in Peru from a lending and Banking as a Service structure to its own supervised model, designed to integrate lending, payments and a digital wallet within a credit company, which may grant loans but may not take deposits from the public. The model is intended to use an electronic money account as the main customer interface for payments, transfers, top-ups, remittances, card transactions, foreign exchange and interoperable transfers with payment ecosystems such as Yape and Plin. It will also offer low-value digital loans through the Prextamo product, with disbursement and repayment handled within the same Prex account. Because the structure combines credit activities with electronic money issuance, SBS required Prex Peru to maintain minimum share capital equal to the sum of the minimum capital required for a credit company and for an electronic money issuer. The effective start of electronic money issuance remains subject to compliance with the requirements for expanding its authorized operations.
Superintendencia de Banca, Seguros y AFP del Peru2026-06-08
Superintendence of Banking, Insurance and Private Pension Fund Administrators of Peru authorizes Prex Peru as a fully digital credit company and sets a combined minimum capital requirement
The Superintendence of Banking, Insurance and Private Pension Fund Administrators of Peru has authorized Prex Perú Empresa de Créditos S.A. to operate as a credit company via a fully digital platform, shifting it from a lending and Banking as a Service model to a supervised structure integrating lending, payments and a digital wallet. The model combines credit activities with electronic money issuance, requires minimum share capital equal to the sum of the capital requirements for a credit company and an electronic money issuer, and uses an electronic money account as the main interface for payments and low-value digital loans. Electronic money issuance remains subject to meeting requirements for expanding its authorized operations.