“Not since the invention of paper money has anything as important happened as the invention of payments with cellular phones. It’s extraordinarily powerful particularly in places where the geography is difficult. Bad roads and bad communications but the cell phone gets through. That’s massive.” – Daniel Schydlowsky, Superintendent of SBS Peru
The Superintendencia de Banca, Seguros y AFP (SBS) del Peru and the Alliance for Financial Inclusion (AFI) will co-host the Consumer Empowerment and Market Conduct (CEMC) Working Group meeting at the Sonesta Hotel El Olivar in Lima, Peru on 19-21 March 2013.
More than 30 AFI member institutions are scheduled to attend the three-day working group meeting. The official opening speech will be delivered by SBS Peru Superintendent and AFI Steering Committee member Daniel Schydlowsky.
Peru country case presentation "Dinero Electronico" at the “Smart policies for mobile finance in the Americas: The next financial inclusion breakthrough?” conference held 21-22 February 2013 in Cartagena, Colombia.
The Congress of the Republic of Peru recently approved a bill to regulate the emission of electronic money and its issuers, and to establish the legal and supervisory framework for companies to issue e-money under the supervision of the Superintendencia de Banca, Seguros y AFP (SBS) del Peru. Legislators voted 95-0 in favor of the new regulations with only two abstentions.
The Alliance for Financial Inclusion (AFI) had 10 member institutions represented at the G20 Global Partnership for Financial Inclusion (GPFI) Conference on Standard-Setting Bodies (SSBs) and Financial Inclusion themed "Promoting Financial Inclusion Through Proportionate Standards and Guidance" hosted by the Financial Stability Unit of the Bank for International Settlements in Basel, Switzerland, on 29 October 2012.
At the GPF 2011, the presentation, The Peruvian Experience in Financial Inclusion: The Financial Supervisor’s Perspective outlined SBS Peru’s vision of financial inclusion and detailed its strategy to improve it. The presentation further focused on the need for -- and the Bank’s own experience with -- the following key elements: a regulatory framework conducive to financial inclusion; transparency and orientation to users of financial system; a regulatory framework for consumer protection; and financial education.