Highest offer. Nine microfinance institutions already meet the requirements to issue this financial product. Law approved by insistence seeks to break the dominance of large banks. The approval by insistence of the law that will allow municipal savings banks to offer credit cards without the express authorization of the Superintendency of Banking and Insurance (SBS) […]
Tag: municipal boxes
Municipal savings banks may issue credit cards without authorization from the SBS
Plenary session of Congress approved by insistence projects that strengthen savings banks. The Congress of the Republic approved this Friday – by insistence – a law that strengthens municipal savings banks, with which they will allow them to issue credit cards without authorization from the Superintendency of Banking, Insurance and AFP (SBS). The text — […]
Transfers between Yape and Plin will have no cost
Since the end of March. For payments between the two digital wallets, only the exchange of numbers will be necessary. In October of last year, the Central Reserve Bank of Peru (BCRP) published the interoperability regulation that requires digital wallets to operate with each other for the benefit of users. In a first stage, Yape […]
Term deposits grow by 23.7% due to higher profitability
Preference. Financial institutions offer interest rates of up to 9% per year. Meanwhile, CTS funds have been reduced by almost 32% since the free availability was authorized. Due to the free availability of compensation funds for time of service (CTS) until December 31, 2023, authorized by the Congress of the republic, This product is no […]
Fixed-term deposits: which banks and municipal savings banks offer the best rates for my money this 2023?
Find out which financial entities remunerate your savings best in installments so that you can choose the most attractive financial option for your profitability. Given the possibility of a new withdrawal from the pension fund of the AFPs, proposed from the Congress of the republicmany Peruvians usually take advantage of saving them in term deposits […]
Competition for Yape and Plin: municipal savings banks will launch digital wallet and microcredits
Digital wallet of microfinance institutions will allow transfers for S/500 a day, as well as other benefits for users. Learn more about how this application will operate. In June 2023 the 11 microfinance entities that make up the Peruvian Federation of Municipal Savings and Credit Banks (FEPCMAC) will launch a unique digital wallet with certain […]
Municipal savings banks will provide microcredits of up to S/200 through their digital wallet
The annual interest rate will be almost 40% lower than that offered by Yape. The municipal boxes They will launch their digital wallet in June of this year and will have most of the options that other similar applications have. One of these are microcredits that, in the case of these entities, will be called […]
Banco de la Nación: how much is your mortgage loan and what is the interest rate?
This bank offers one of the most convenient rates in the financial market and favorable conditions for those who aspire to have their own home. Take note! Mortgage loans are in wide demand in banking entities, which allow the acquisition, repair or expansion of a property, normally intended to convert it into living place. In […]
Yape: can I cancel a payment if I made a wrong contact or amount when making a transfer?
If you made a mistake when carrying out an operation and want to get your money back, the platform provides an option to request a full refund of the amount transferred. Yape is an application that facilitates the process of making payments, receive money and even request some loan. However, no person is exempt from […]
Municipal savings banks will launch their own digital wallet in June
The offer grows. Application would reach almost 10 million users and will compete with Plin and Yape. They are also waiting for the law to be passed that makes it easier for them to issue credit cards. The municipal savings banks are preparing to launch their own electronic wallet in June and it will be […]