Status
Operating at scale
Data Exchange System Name
PISEE 2.0
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
Unknown
Digital ID System Name
RUN (Rol Único Nacional) RUT (Rol Único Tributario) ClaveÚnica
ID System link
Name (Payment)
Transferencias en Línea (TEF)
URL (Payment)
Region
Latin America
# of participants
2021- 14
AML law
Yes
Bank participation in network
Yes
Centralised fraud management system?
No
Consumer protection law
Yes
Governor
Central bank/ Financial regulator
Instant settlement system/ platform
Yes
Non-bank participation in network
Yes
Notes
CCA set up the fast payment system on the request of the central bank. Transaction fees for individuals are waived off, businesses may be subjected to it. Note on interoperability policy- focused approach in which interoperability is required or encouraged, either for only a given set of payment types or for only some PSPs Chile was among the earliest RTPs in the region; but no document could be found/ translated into reflecting a focus on interoperability.
Offline transactions
Unknown
Operator
Commercial bank/ Private PSP
QR-based transactions
No
Reporting forum/ website/ form
No
Rules: data handling rules for PSPs, users
Unknown
Rules: data leak notifications
Unknown
Rules: participation conditions
Unknown
Rules: recourse mechanism
No
Rules: transaction recall
No
Settlement systems
Transaction cost
Unknown
Transaction types
P2P
P2M
Value (Year-USD)
Launched in 2008 with steady growth in transaction volumes (CAGR 21.24% in last 5 years)
Volume (Year- Volume)
2019- 529 M