Status
Operating at scale
Data Exchange System Name
Hacienda Digital
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
Unknown
Digital ID System Name
National identity
ID System link
Name (Payment)
Sinpe (National System of Electronic Payments)
URL (Payment)
Region
Latin America
# of participants
Unknown
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
SINPE is a platform for payments exchange- unsure of the interopability and types of participants. As of 2021, 18 participants (mostly banks) were a part of it. SINPE Movil is the app interface, operated by Antit.
Offline transactions
Unknown
Operator
Central bank
QR-based transactions
Unknown
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Unknown
Rules: data leak notifications
Unknown
Rules: participation conditions
Unknown
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Transaction cost
Unknown
Transaction types
P2P
P2M
P2G
Value (Year-USD)
2020- USD 1.6 B
Volume (Year- Volume)
2021- 230 M