Name
Global FinTech Guide
Country Name
Peru
SectionTitle
Identification
Body
FinTechs belonging to this category provide identification services, which are required for most banking services.

Introduction

Attitude of the country towards identification services

That kind of services are offered by companies without being regulated. Scoring companies provide this service as well.

Legal affairs

Obligations and requirements to provide identification services

No license is needed. 

Additional comments regarding the legal situation for identification services or what FinTech’s must be aware of in this business area

N/A.

Economic conditions

Market size for identification services and biggest companies in this business area

The market is big, because such service is provided by law firms, scoring companies as well as third-party providers. There is enough space for new companies because the identification service is mandatory for financial companies in general. 

Additional comments regarding the economic situation for identification services or what FinTech’s must be aware of in this business area

N/A.
 

Authors

Disclaimer

© 2022, Barrios Fuentes Abogados. All rights reserved by Barrios Fuentes Abogados as author and the owner of the copyright in this chapter. Barrios Fuentes Abogados has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

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