Can I create a Yape account for my minor child?

The Yape digital payment application has positioned itself as one of the most popular in our country, because it makes it easier to carry out various economic transactions from a cell phone. Recently, it announced new functions for users, such as granting loans of up to S/10,000 and expanding the maximum daily transfer amount.

In that sense, some parents wonder if there is the possibility of creating an account in Yape for their children under 18 years of age so that they can transfer money to them or in situations where they need to make a payment. Below, we answer this question and tell you more about the news from Yape.

Can I create a Yape account for my minor child?

If you are a parent and have minor children, you have the possibility of opening another account in Yape, which can be used on an additional cell phone, other than yours. That is, we are referring to two accounts of this payment application on two different cell phones. Given this alternative, it is essential that parents talk to their sons or daughters about the responsible management of money and the use of access codes, since the owners of the minors are responsible for their financial operations.

Remember that the minor’s data will always be protected. In that sense, the account on the new cell phone will be in the name of the owner and those will be the data that appears when yapping.

Yape: how to create an account for my minor child?

If you want to create a Yape account for your child, you can do it in three ways:

• Registration with ID, without card: download the Yape app on the new mobile device and choose “only with your ID”. After that, register all your data, not those of the minor. Remember that you can only have a Yape with a DNI (without a card) in your name and if you already have an account of this type, you can create a BCP account to register it in your additional Yape.
• Joint account with your children: Download Yape on the new cell phone and create the account by registering your data as the owner of the joint account.
• Additional BCP account: Download this payment application on your additional cell phone and register the account by writing all your information as the debit card holder. If you do not have a BCP account, you will need to create one.

How to create an account on Yape?

As we all know, Yape is a mobile application that allows you to send and receive money for free 24 hours a day. To do this, you only need the cell phone number of your contacts or a QR code from Yape, Visa or Izipay to scan. Follow these steps:

• Download Yape on your cell phone and select the option ‘Create Account’
• Write your cell phone number and then the verification code that you will receive.
• Enter your ID and your email.
• Create your 6-digit password, which you will always use to log in
• Choose if you want only with your DNI, BCP debit card or another card from another bank or savings bank
• Finally, validate your identity, answer the questions and select ‘Continue’.

With which financial entities can I register in Yape?

• My bank
• Huancayo Box
• Ica Box
• Piura Box
• Sullana Box
• Tacna Box
• Trujillo Box
• BCP
• Banco de la Nación (coming soon).

What are the news from Yape?

Yape has new features and updates to provide greater benefits to its users. Now, he announced that his credits will no longer be only S/500 at most, but S/10,000. In addition, the maximum amount of transfers per day will be raised, from S/950 to S/2,000.