Skip to content

The Peruvian Congress passed a law making the introduction of electronic payments a public necessity

October 26, 2020

The Congress of the Republic of Peru has passed a law establishing the introduction of electronic means of payment as a public necessity. This was reported by RPP Noticias on October 22nd.

The law is designed to encourage faster, safer transactions amid the pandemic.

“Credit and debit cards, mobile transactions and Internet transactions are being considered as means of electronic payments,” the article on RPP Noticias states.

The Peruvian Congress passed a law making the introduction of electronic payments a public necessity
The Peruvian Congress passed a law making the introduction of electronic payments a public necessity

In this context, the economist Bruno Bellido said:

“It is excellent news for financial inclusion. It would mean everyone must have a bank account, and this move is in the context of the emergency decree passed on the creation of ID-card bank accounts.”

On the other hand, according to Fintech Rextie, this could have a number of benefits for customers. With that in mind, the article explained some of them:

– Safer shopping: “This technology reduces the risk of data cloning and malicious duplicate purchases.”

– Faster and more dynamic attention: “The waiting time for each customer is reduced and long queues are avoided, reducing the exposure time of people, even to make a quick purchase when the sale is in person.”

– Reduction of the risk of infection: “Less engagement makes customers feel safer when they don’t have to have cash with them.”

You might be interested in: