Overview
- SBS, which announced the approvals Tuesday, granted organizational authorization to Revolut Bank Perú and Kori Financiera.
- Both entities must complete regulatory requirements and then obtain an operating license before they can serve customers.
- Revolut plans a U.K.-based, digital-only bank in Peru and, according to a source, will request the required audit next toward a possible full license in early 2027.
- Kori will focus on lending to micro and small businesses through individual and group credit products, aiming to widen access to financing.
- To accelerate market entry and foster competition, the SBS created a dedicated Organization of Companies unit and has issued similar approvals since October 2024 to players such as Prex Perú and BTG Pactual.