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November 22, 2024

On the web

Value-Added Tax on Digital Services in Peru

International Bar Association

"Legislative Decree No 1623, enacted on 4 August 2024, has introduced significant changes to Peru’s framework on value-added tax (VAT), extending its application to digital services and intangible goods acquired by Peruvian consumers from foreign providers...If a non-resident service provider does not comply with their VAT collection obligations, the responsibility shifts to payment facilitators."

August 15, 2024

On the web

June 5, 2024

On the web

March 27, 2023

On the wires

Western Union Expands its Service Offering Across Peru

Businesswire

"Western Union announced today an expansion of its services across Peru, offering customers more ways to send and receive money in a fast, convenient and innovative way. Western Union customers in Peru can now receive money from friends and family around the world, pay their electricity, water and cell phone bills as well as buy and sell dollars and euros at 10 PlazaVea, Vivanda and Metro supermarkets strategically located in eight points in the capital and two key regional cities."

March 31, 2021

On the web

Peru Plans Instant Payments Network That Links Fintechs, Mobile Bank Accounts

PaymentsSource

“Peru is working to link banks, fintechs and mobile wallet providers into an interoperable hub for instant payments using real-time technology provided by Mastercard . With a launch set for early 2022, Peru will be the second Latin American country after Brazil to introduce an ISO 20022-based instant payments scheme. Peru’s new system will use mobile phone numbers and email addresses as proxies for bank accounts to increase financial inclusion in the country. Combined with the ISO 20022 messaging standard, this will enable the system to deliver a wide range of payment services that aren’t possible with legacy systems connecting banks in other countries such as Argentina, Colombia and Mexico.”

February 22, 2021

On the wires

Mastercard and ACI Worldwide Announce First Real-Time Payments Infrastructure Collaboration With Cámara De Compensación Electrónica (CCE)

“Mastercard and ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that Cámara de Compensación Electrónica (CCE) will utilize the ACI Enterprise Payments Platform to accelerate financial institutions’ access to Mastercard’s Instant Payment Service, the new real-time payments managed service that will enter Industry Testing in Peru later this year.”

December 12, 2018

On the web

Vocalink to revamp Peru’s payments system

Banking Technology

“Vocalink has signed a contract with Peru’s automated clearing house Cámara de Compensación Electrónica (CCE) to modernise the nation’s electronic payments infrastructure. According to the firms, this deal will see the creation of a new integrated service that will deliver processing of electronic payments (cheques, bulk and real-time) 24/7 x 365 days of the year.”

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