Through a circular, BCRP reported that the entry of COOPACs into clearing services “will promote access by unbanked people to digital payments and strengthen the interoperability of the payments market.”
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The Central Reserve Bank of Peru (BCRP) modified the Regulation of Exchange and Clearing Services Companies (ESEC) and Exchange and Clearing Services to include the Savings and Credit Cooperatives Not Authorized to Raise Resources from the Public (COOPAC).
Through Circular No. 0021-2023-BCRP, the highest issuing entity maintained that the entry of the COOPACs into the clearing services of the ESECs “will promote the access of unbanked people to digital payments and strengthen the interoperability of the payments market.” .
In this sense, the modification of the first paragraph of article 17 of the Regulation of the ESEC and the Exchange and Compensation Services was established, approved by Circular No. 029-2019-BCRP.
Said article established full access to the Exchange and Clearing Services of the ESEC of the banking companies, the Banco de la Nación and the BCRP, but only limited to the following participants: financial institutions, municipal and rural savings banks, and money issuing companies. electronic.
From now on, COOPACs may be included in the system, “as long as they comply with the procedure for limited access that the BCRP publishes on its Institutional Portal.”
According to SBS, credit unions are non-profit organizations created to provide services to their members. Like banks, credit unions accept deposits, make loans, and offer a wide variety of other financial services.
Source: Larepublica
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