Regulatory Alerts2026-03-31
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External Regulatory Circular DSP-465 of March 31, 2026: Interoperability of Immediate Low-Value Payment Systems
The Board of Directors of the Bank of the Republic issued External Regulatory Circular DSP-465 to fully replace previous regulations and establish new rules for the interoperability of Immediate Low-Value Payment Systems (SPBVI). The circular mandates that participating entities process immediate payment orders within a maximum of 20 seconds, with a maximum value of 1,000 Basic Value Units, while enforcing strict standards for key management and QR code usage. It also updates transitional compliance deadlines and grants participants linked to multiple systems the ability to register shared keys across federated directories.
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