Yape has become one of the most used digital wallets in Peru; However, only those of legal age have the possibility of being holders. Find out here how your minor child can get his account.
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Yape has positioned itself as one of the most used digital wallets in Peru. This allows you to store money without having a bank account and facilitates the different economic transactions in the country made on your cell phone. At the end of 2023, this platform increased its functionalities, such as loans of up to S/100,000 or the increase in the amount of transfers between users.
This has caused various businesses to use it as a payment method. However, minors cannot be account holders, but they do have the possibility of accessing one. Find out in this note what you should do if you want to give a Yape account to your child who is not yet 18 years old.
Can a minor be created a Yape account?
Although minors cannot have an account in their name, they can access one that is related to that of their parents, according to the application’s website. In that sense, it is possible to have two different Yape accounts on two different computers. However, for this, the conversation and trust that parents have with their children is important, since they will be the owners and, at the same time, will be responsible for the banking transactions carried out by the minors, according to what is indicated by the institution.
How to create a Yape account for my child?
Yape, as indicated on its official website, offers you 3 different modalities in which you can create a Yape account for your youngest child. It is worth remembering that you will become responsible for every transaction he makes, including loans, which is why he must be supervised responsibly.
- Registration with DNI, without card: download the Yape app on the new mobile device and choose ‘only with your DNI’. There you will have to enter all your data, not that of the minor. It is worth remembering that you can create a maximum of one account with this modality, so if you have already done so, it is recommended to get an account at BCP.
- Joint account with your children: download the Yape application on your mobile device and create the user by registering your data as the owner of a joint account.
- Additional BCP account: download the application on the additional cell phone and when registering the data, you must enter the data belonging to your debit card.
Journalist at the Pontifical Catholic University of Peru (PUCP). He is currently a current affairs web editor at La República. Football, Basket, Tennis and UFC fan.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
