Overview
- The Superintendencia de Banca, Seguros y AFP published a draft regulation on June 22, 2026 that would let people pay into private pension accounts using mobile apps and digital wallets.
- The proposal requires funds collected by payment intermediaries to reach pension accounts within two business days and keeps the contributor’s valuation date tied to the payment day before transfer.
- AFP, renamed Entidades Administradoras de Fondos under the reform, must sign agreements with intermediaries and file a copy with the SBS within three days of signing to enable the channel to operate.
- The draft imposes strengthened rules on reception, validation, custody, operational risk, service continuity and cybersecurity for intermediaries and also proposes changes to AFP investment rules to allow more flexibility in international markets.
- A 15-calendar-day public consultation opened on publication and the SBS will review comments before issuing a final rule, a step required before wallets such as Yape or Plin can formally process pension contributions.