Yape for under 18s? You can create an account for your child if you only meet these requirements

Yape, the popular electronic wallet in Peru, has become an essential tool to facilitate digital transactions. Through the Banco de Crédito (BCP) app, users can send and receive money, pay for services, top up cell phones, request loans and make purchases at affiliated establishments without having to carry cash. However, Yape is not limited to adults only.

Parents also have the option to open an account for their children under 18, but certain steps and requirements need to be met. This process ensures that minors can handle using this application in a safe and controlled manner, which will help them develop financial skills from an early age. In this article, we explain how you can open a Yape account for your child and what are the necessary conditions to do so.

My child is a minor, how can I create a Yape account for him/her?

If you are a parent and want to create a Yape account for your child under 18, you can open an additional account on another cell phone. It is important to talk to them about the use of money and access codes, since you will be responsible for financial transactions. The minor’s data will be protected and the data that appears when making transactions will be yours.

Here are the steps to follow to open a Yape account for your child:

• Registration with ID, without card: Download the Yape app on your new mobile phone and select “only with your ID” as the registration method. After that, enter all your data, avoiding those of minors. Remember that you can only have one Yape with an ID (without a card) in your name and if you already have an account of this type, you can create a BCP account to associate it with your additional Yape.
• Joint account with your children: Install this app on the new cell phone and create the account by providing your data as the holder of the joint account.
• Additional BCP account: Download the Yape application on your secondary mobile phone and complete the registration by entering all your details as the debit card holder. If you do not have an account at BCP, you will need to create a new one.

Yape for minors under 18: what are the requirements?

To open a Yape account for minors under 18 years of age, you must meet certain requirements. These ensure that the account is managed safely and that the minor can use it without problems. The main requirements are:

• Register a new cell phone number (your children’s).
• Different email than the one you are using for your personal account.

What other financial institutions can you use Yape with?

Yape has expanded its network of associated financial institutions, allowing users to link their accounts from various banks. These financial institutions offer the possibility of creating Yape accounts for minors. Some of the main entities are:

1. My bank
2. Huancayo Box
3. Ica box
4. Piura Box
5. Sullana Box
6. Tacna Box
7. Trujillo Box
8. BCP
9. National Bank (coming soon).