Peru central bank sets 2027 digital payment rules to protect business funds

Peru's central bank (BCRP) issued new regulations governing digital payment services for businesses, covering fund handling, commissions, contracts, and interoperability of card, QR, and instant payments, effective 2027. The rules aim to safeguard business funds and standardize the market, potentially affecting payment processors and fintechs operating in Peru. Uncertainty remains over specific compliance costs and impact on smaller providers.