Particle.news
Download on the App Store

SBS Authorizes Prex Perú to Operate as 100% Digital Credit Company

The move opens space for integrated digital loans, payments, wallets under strict capital and supervisory conditions.

Overview

  • The Superintendencia de Banca, Seguros y AFP issued Resolution N°1561-2026 on Tuesday, June 9, 2026, formally authorizing Prex Perú as a supervised company of credits to run a fully digital platform.
  • Prex will offer a single money‑electronic account that supports payments, transfers, card operations, remittances and low‑value digital loans branded “Prextamo” that are disbursed and repaid inside the same account.
  • The company is authorized to grant credit but may not take public deposits, so it will not be a bank and cannot hold customer savings outside its e‑money framework.
  • As a prudential safeguard the SBS requires Prex to hold capital equal to the sum of minimums for a credit company and an e‑money issuer, and it must meet further regulatory conditions before it can begin issuing e‑money.
  • Regulators present the approval as a step for financial innovation that will increase competition with incoming digital players and could lower costs for consumers, while the SBS will supervise risk management and user protection.