Plin

Overview

Plin is Peru's multi-bank interoperability payment layer, embedded in mobile banking apps of 7 Peruvian financial entities [1, 2, pe-cro]. 14+ million users — distinctive non-standalone-app model vs Yape's standalone app.

Plin's 7 participating entities [3]: BBVA Perú + Scotiabank Perú + Interbank + BanBif + Caja Arequipa + Caja Sullana + Caja Ica — 3 of Peru's 4 largest banks + 4 financial institutions (cajas).

Distinctive Plin technical model: Real-time + 24/7 + free transfers using only cellphone number; cross-bank interoperability via YellowPepper's Real-Time Payment Platform (launch tech). Launched May 2020 at start of COVID-19 pandemic.

April 2023 — Yape-Plin Visa interoperability [4]: Phase-one cross-wallet transactions via mobile numbers + QR codes.

History

May 2020 — Plin launches at COVID-19 pandemic start [3]: Launched by BBVA + Interbank + Scotiabank using YellowPepper Real-Time Payment Platform.

2020-2024 — Adoption + 7-entity expansion [1]: From 3 banks at launch to 7 financial entities.

End-2023 — 13+ million users [4].

April 2023 — Yape-Plin Visa interoperability phase 1 [4].

2025 — 14+ million users [2].

Ownership & operator

Operating entity: 7-entity Peruvian bank-consortium — multi-bank interoperability layer (not a single legal entity).

7 participating entities:

• BBVA Perú (BBVA Group subsidiary)
• Scotiabank Perú (Bank of Nova Scotia subsidiary)
• Interbank (Intercorp Group; Peru's #4 bank)
• BanBif (Banco Interamericano de Finanzas)
• Caja Arequipa (Peruvian Caja Municipal — savings cooperative)
• Caja Sullana (Peruvian Caja Municipal)
• Caja Ica (Peruvian Caja Municipal)

Technology platform: YellowPepper (real-time payment platform; acquired by Visa Inc. 2020).

Regulator: SBS (Superintendencia de Banca, Seguros y AFP del Perú).

Technical integration

Layer	Description
Type	Multi-bank interoperability layer embedded in member-bank mobile-banking apps (NOT standalone app)
Channels	Embedded in 7 member-bank mobile apps
Identifiers	Phone (cellphone number)
Account model	Real-time + 24/7 + free transfers via cellphone number across 7 entities
Technology platform	YellowPepper Real-Time Payment Platform (Visa-acquired 2020)
PE rail integration	Plin national rail + Yape-Plin Visa interoperability (Apr 2023+)

Users & growth

2025 baseline [2, 4]:

• Users: 14+ million
• End-2023: 13+ million
• PE cashless market share: Yape+Plin combined = 50%+ retail cashless tx (Dec 2023)

Use cases

PE P2P transfers via cellphone number (real-time, 24/7, free); embedded in 7 PE financial-entity banking apps; Yape-Plin interoperability (Apr 2023+); BBVA + Interbank + Scotiabank multi-bank cross-transfers.

Implementations & partners

Operator: 7-entity Peruvian bank-consortium (BBVA + Interbank + Scotiabank + BanBif + Caja Arequipa + Caja Sullana + Caja Ica).

Technology platform: YellowPepper (Visa Inc. subsidiary since 2020).

Major Peruvian competitor: yape (BCP/Credicorp; 20M+ users; standalone-app model).

Regulator: SBS.

Fun facts

• Multi-bank-embedded-in-banking-apps model — distinctive vs Yape's standalone-app model.
• 14M+ users across 7 PE entities (3 of 4 largest PE banks + 4 cajas).
• May 2020 launch at COVID-19 pandemic start.
• YellowPepper Real-Time Payment Platform (Visa-acquired 2020) tech stack.
• April 2023 Yape-Plin Visa interoperability — distinctive PE cross-wallet rail.
• Yape+Plin = 50%+ PE retail cashless tx (Dec 2023).
• Commission-free + 24/7.

Comparison

Feature	Plin	yape (PE rival)	pix (BR analogous multi-bank rail)	bizum (ES analogous bank-consortium)	[[swish]] (SE analogous bank-consortium)
Operator	7-entity PE bank-consortium (BBVA + Interbank + Scotiabank + BanBif + 3 Cajas)	BCP (Credicorp subsidiary)	Banco Central do Brasil-led	Sociedad de Procedimientos de Pago	Getswish AB (6-bank Swedish consortium)
Type	PE multi-bank interoperability layer (embedded in banking apps)	PE single-bank-led standalone wallet	BR national instant payment	Spanish bank-consortium A2A	Swedish bank-consortium A2A
Country	Peru	Peru	Brazil	Spain	Sweden
Users	14M+ users	20M+ users	150M+ users	National (>50% adults)	Major SE share
Distinctive	Multi-bank embedded in banking apps (no standalone); YellowPepper Visa-acquired tech; 7 entities; Apr 2023 Yape-Plin Visa interop	BCP-led; commission-free standalone app	National instant rail; central-bank-led	EuroPA EMPSA cross-border	EuroPA EMPSA cross-border

Status

Active, Peru's multi-bank interoperability layer [1, 4]:

• 7-entity Peruvian bank-consortium since May 2020.
• 14M+ users.
• Embedded in 7 PE banking apps (BBVA + Interbank + Scotiabank + BanBif + 3 Cajas).
• YellowPepper (Visa-acquired) real-time platform.
• Yape+Plin = 50%+ PE retail cashless tx.
• SBS-regulated.

Sources

• 1 Plin — BBVA Perú
• 2 Plin 7 entities — Fundación Consejo España Perú
• 3 Plin launch May 2020 YellowPepper — Business Wire
• 4 Plin interbank payment layer — FinQfy
• pe-cro In-corpus: reports/countries/PE-peru.md

Source

Biography extracted from plin.md. See matrix.md for standards-support matrix if present.