How to access Yape insurance? These are the requirements to get up to S/3,500 back

Yape, the popular digital wallet of Credit Bank of Peru (BCP)changed the way Peruvians carry out daily transactions. Since its launch, the application facilitated fast, secure and commission-free payments and transfers between its users.

With the introduction to this new digital world and the exposition of Cybercrime increasing, it is important to take security measures to safeguard money against possible fraud and theft. To respond to this need, Yape introduced special insurance for its users.

How does Yape insurance work and what amount does it cover?

Yape insurance is a subscription option that provides a financial protection in the event of fraud or theft. By subscribing, users are insured for up to an amount of S/3,500which can cover significant losses in the event of unwanted incidents. The monthly cost of this protection is S/4.99, which can be requested from the application itself.

This insurance provides an additional layer of security, allowing users to carry out their transactions daily with greater tranquility.

Step by step to join Yape insurance

Joining Yape insurance is a quick and easy process that can be completed in just a few steps from the app itself. Here’s how to do it:

1. Download and update the application: Make sure you have the latest version of Yape installed on your device. You can update it from the App Store or Google Play as appropriate.
2. Registration in Yape: If you do not have an account yet, register by providing your personal information and following the on-screen instructions.
3. Activate insurance protection: Once registered, go to the security or protection section within the application. Here you will find the option to activate the insurance.
4. Monthly subscription: Select the insurance plan that best suits your needs and make the monthly payment of S/4.99. This payment will be automatically deducted from your account each month to keep your coverage active.

Is Yape charging an additional amount per transfer?

One of the common concerns among users of digital payment applications is the possibility of Additional charges for transfers. In the case of Yape, there are no additional fees for making transfers between users. This means that you can continue using the app for your daily transactions without worrying about hidden costs.

Currently, the only way Yape charges a transfer fee is on devices affiliated with the program. Yape Enterprises. Under this modality, the digital wallet charges a commission of 2.95% based on total daily transactions.