The maximum amount of coverage of the Deposit Insurance Fund (FSD) for the period September-November 2023 will rise to S/124,199, which represents an increase of S/279 compared to the previous quarter, when it was S/123,920, according to the latest update from the Superintendency of Banking, Insurance and AFP (SBS). In this way, savings accounts, time […]
Tag: municipal boxes
MEF: the funds of Impulso MyPerú will be increased to S/5,000 million
Given the complicated panorama due to the slowdown in production, which especially affects mypes, the Minister of Economy and Finance, Alex Contreras, indicated that they will inject more resources for their recovery. The most important announcement was the rise from S/3,000 million to S/5,000 million of the funds in Impulso MyPerú, a program that was […]
Municipal savings banks will launch digital wallet at the beginning of 2024
To date, Yape and Plin are the electronic wallets that dominate the market, with more than 10 million users. However, for next year, a new application backed by municipal savings banks is scheduled to enter the race to diversify the offer of this growing item. The president of the Peruvian Federation of Municipal Savings and […]
Municipal savings banks will launch their own digital wallet: what will be the application that will compete with Yape and Plin?
The municipal savings and credit banks (CMAC) plan to launch a new electronic wallet on the market, which will compete directly with Yape and Plinwhich are the best-known payment applications on the market. The president of the Peruvian Federation of Municipal Savings and Credit Banks (FEPCMAC), Jorge Solis Espinoza, revealed that it is a cooperative […]
Fepcmac: 2 municipal savings banks will issue credit cards in the last quarter of 2023
Since March of this year, the municipal savings and credit banks (CMAC) can now issue credit cards without the authorization of the Superintendency of Banking, Insurance and AFP (SBS), as well as banks. To date, CMAC Cusco is the only entity of its kind that already offers this service. However, two more boxes will be […]
Caja Raíz in liquidation: how to find out with your ID if you can receive your money back?
This Tuesday, August 15, the process of returning deposits to the clients of the Rural Savings and Credit Fund Raíz SAA (CRAC Raíz) began. In total, there are 26,453 savers who began to collect their money after the intervention of the Superintendency of Banking, Insurance and AFP (SBS) due to financial insolvency. Next, learn about […]
Caja Raíz in liquidation: return to savers will begin this August 15
Last week, the Superintendency of Banking, Insurance and AFP (SBS) ordered the dissolution and the beginning of the liquidation process of the Rural Savings and Credit Fund Raíz SAA (CRAC Raíz), after being intervened by the supervisory body, by the significant deterioration of its solvency. Given this, the affected savers will be covered by the […]
SBS intervened in Caja Raíz: what will happen to the savings and the CTS of its clients?
Given the significant deterioration in the solvency of the Rural Savings and Credit Fund Root SAA. (CRAC Raíz), the Superintendency of Banking, Insurance and AFP (SBS) had to intervene to safeguard the interests of the saving public and the stability of the financial system. In this way, the entity ceased its operations and its administration […]
Second auction of Impulso MYPERÚ and closed with rates of 12.21%
He Ministry of Economy and Finance (MEF) reported that the second credit auction of the Program to Promote Mypes – Impulso MYPERÚ closed with an assigned amount of S/400 million in guarantees, at an average rate of 12.21%. This average rate of 12.21%, placed last Friday the 5th, was below the average interest rate of […]
Where should I have the CTS? Three factors that you should consider when choosing the financial institution
There is one week left for the expiration of the term that companies have to deposit the Compensation and Time for Services (CTS). In this context, thousands of workers will have the possibility to withdraw 100% of this money extra, whose free availability, according to the law 31480, extends until December 31, 2023. However, there […]