Status
Operating at scale
Data Exchange System Name
Interoperar
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
Yes
Digital ID System Name
SID (Sistema de Identidad Digital) Digital Identity System DNI (Documento Nacional de Identidad) National Identity Document
ID System link
Name (Payment)
Sistema Nacional de Pagos – Transferencias
URL (Payment)
Region
Latin America
# of participants
2022- 68
AML law
Yes
Bank participation in network
Yes
Centralised fraud management system?
Unknown
Consumer protection law
Yes
Governor
Central bank/ Financial regulator
Instant settlement system/ platform
Yes
Non-bank participation in network
Yes
Notes
Interoprability issues reported for QR codes Note on interoperability policy- market-wide approach requiring that most PSPs seamlessly transfer retail payments among themselves.
Offline transactions
Unknown
Operator
Commercial bank/ Private PSP
QR-based transactions
Yes
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Yes
Rules: data leak notifications
Yes
Rules: participation conditions
Yes
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Transaction cost
Capped at 0.8% of transaction costs
Transaction types
P2P
P2M
B2B
Value (Year-USD)
2022- USD 2064 B
Volume (Year- Volume)
2022- 7816 M