Regulatory Alerts2026-03-12 | Resolución SBS 00704-2026SBS Resolution No. 00704-2026: Amending Article 5 of the Regulations on Electronic Money Operations, Approved by SBS Resolution No. 6283-2013, and Article 1 of the Basic Accounts Regulations, Approved by SBS Resolution No. 2891-2018
The Peruvian Superintendency of Banks, Insurance Companies, and Private Pension Fund Administrators (SBS) issued Resolution No. 00704-2026 to amend Article 5 of the Regulations on Electronic Money Operations and Article 1 of the Basic Accounts Regulations. The amendment standardizes operational limits for simplified electronic money accounts and basic accounts by tying transaction, monthly conversion, and consolidated balance caps to 0.6, 1.9, and 2.8 times the current Tax Payment Unit (UIT), respectively. These changes facilitate digital wallet payments for salaries, reduce user barriers, and advance financial inclusion in Peru by aligning regulatory thresholds with the UIT.
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