Status
Operating at scale
Data Exchange System Name
Tenoli
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
Unknown
Digital ID System Name
National digital identity
ID System link
Name (Payment)
Transfer 365 + Chivo Wallet (CBDC)
URL (Payment)
Region
Latin America
# of participants
2021- 26 banks
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
Unknown
Non-bank participation in network
Yes
Notes
As of 2023, includes all financial institutions and aims to make cross border etransfers possible in 2024. While Transfers365 has a mobile option and is operating at scale, Chivo Wallet (which allows transactions in USD and Bitcoin) has failed. Note on interoperability policy-no specific requirement for interoperability, as it assumes that private initiatives should flourish first and then coordinate to become mutually compatible.
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
B2B
G2P
Value (Year-USD)
2022- USD 9.7 M
Volume (Year- Volume)
2022- 7.79 M