Peru Indecopi warns transport firms: half-price student fare violations face S/2.4M fines

Peru's consumer protection agency Indecopi reminded urban and interurban transport companies that failing to honor the half-price university student fare could result in fines up to 450 UIT (about S/2.4 million). This is a regulatory enforcement notice, not a new law, but it signals heightened scrutiny and potential financial penalties for non-compliant operators. The impact is limited to the transport sector in Peru, with no broader market implications.