Peru state lender unveils online payment platform

By
Friday, May 19, 2017

Peruvian lender Banco de la Nación is due to launch an online payment platform this month.

The platform, known as Pagalo.pe, will be able to handle nearly 80% of payment transactions typically made by the state-owned bank's customers.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

Payments can be made via credit or debit card or transfer, the Peruvian ministry of production said in a statement.

The bank developed the service in response to public demand, it said.

The development of Pagalo.pe marks a "step toward simplification that will benefit all Peruvians who frequently have to make payments through the lender," production minister Bruno Giuffra said.

The ministry added that agreements with third parties were being drawn up so that people can make online payments, indirectly, with cash.

"In this way, we make life easier for many people and companies," Giuffra said, referring to the fact depositors will not have to go to branches to do some of their banking transactions.

The ministry did not respond to questions from BNamericas about the savings that the platform will generate for the bank, or who developed the system.