Overview
- Peru’s Ministry of Economy and Finance put into force Decreto Supremo N°011-2026-EF to implement Law N°32413, making digital wallets and electronic‑money accounts valid channels for paying wages and labor benefits.
- The regulation affirms that only the worker chooses the receiving bank or electronic‑money issuer, with employer interference classified as a very serious labor infraction subject to sanctions.
- The Superintendencia de Banca, Seguros y AFP will set operational limits for security and AML/CFT, proof of payment is the wallet credit to an account in the worker’s name, and the MEF with the central bank will publish an updated list of authorized interoperable wallets.
- Public‑sector use in Peru will roll out progressively pending further MEF dispositions, while specialists highlight pending rules on balance and transaction caps, cybersecurity standards, and unified dispute‑resolution procedures.
- In Argentina, Article 35 of a labor‑reform bill would allow salaries to be credited to PSPs and virtual wallets; banking associations formally urged senators to reject or change it citing depositor protections and a potential multi‑trillion‑peso credit squeeze, as the fintech chamber counters that PSPs are BCRA‑supervised with segregated funds and that the change broadens worker choice ahead of a scheduled February 11 debate.