Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has amended the rules for its regulatory sandbox for temporary testing of novel business models, widening access to promote innovation, competition and financial inclusion. Under Resolution SBS No. 04142-2025, entities not supervised by the SBS, including fintechs, startups and other technology ventures, can apply to participate via a formal administrative procedure, subject to eligibility requirements and conditions set by the SBS. The scope of eligible supervised participants has also been expanded to include savings and credit cooperatives (COOPAC) and AFOCAT, and new entry routes have been added through SBS-led calls as well as firm-initiated requests. Participation remains time-limited and conducted at a restricted scale in a controlled environment, for up to 30 months, including through regulatory flexibility or trials of products or services not covered by the existing framework.
Superintendencia de Banca, Seguros y AFP del Peru 2025-11-24
Peru's Superintendency of Banking, Insurance and Private Pension Funds expands regulatory sandbox to include unsupervised fintechs, COOPAC and AFOCAT
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has amended its regulatory sandbox rules to enhance access for fintechs, startups, and technology ventures, promoting innovation and financial inclusion. Resolution SBS No. 04142-2025 expands eligibility to savings and credit cooperatives and AFOCAT, with participation limited to 30 months. New entry routes are available through SBS-led calls and firm-initiated requests, allowing trials of products or services not covered by the existing framework.