Peru's neobanks,
by SBS licence class.

Three SBS classes,
one FSD-covered class.

Peru's retail framework reads in three layers, all SBS-supervised but on materially different terms. Only one of the three sits inside the Fondo de Seguro de Depósitos (FSD) — the chartered-bank class. The two dominant Peruvian P2P surfaces (Yape, Plin) and Interbank's Tunki are products operated inside that class; Bim is the EEDE outlier. Read the licence on the receiving entity, not the brand on the app.

All 4, by licence + protection class.

Read the licence,
not the marketing.

Why Yape isn't a neobank in the strict sense.

Yape is by some distance the dominant Peruvian retail digital-banking surface — tens of millions of registered users in a country of roughly 34 million, with Reuters, El Comercio, Gestión, and Semana Económica all reporting market-share figures that put Yape well ahead of every other PEN P2P rail. By any usage-led definition of "the way Peruvians do digital retail banking," Yape is the answer. But it is not a neobank in the way Nubank, Ualá, or Tonik are neobanks. Yape does not hold its own SBS licence. It is a product surface operated inside Banco de Crédito del Perú — a chartered Empresa Bancaria under Ley General del Sistema Financiero 26702 and a Credicorp Ltd. subsidiary — so the licence, the regulatory perimeter, the supervisory regime, and the FSD membership all belong to BCP.

The practical consequence cuts two ways. On the protection side it is good news: eligible PEN balances routed through Yape are FSD-covered up to the prevailing per-depositor per-institution ceiling because they sit on BCP's licence — there is no separate "wallet class" gap of the kind Argentine PSP wallets or Peruvian EEDEs carry. On the editorial-classification side it is the reason this ranking treats Yape, Plin, and Tunki as bank-anchored digital surfaces rather than as standalone neobanks. The same logic applies to Plin (a multi-bank rail across BBVA Continental, Interbank, and Scotiabank Peru) and Tunki (Interbank's dedicated wallet brand). For comparison purposes, the licence class — Banco / Empresa Bancaria — is what matters; the front-of-app brand is downstream of it.

How this ranking is built.

Each candidate is scored on licence class (Banco / Empresa Bancaria vs EEDE under Ley 29985 vs Cooperativa under FENACREP), FSD membership status (via parent bank where the surface is wallet-anchored), parent backing, and product surface (P2P-led wallet inside a chartered bank vs multi-bank shared rail vs standalone EEDE wallet). The ranking is editorial and explicitly excludes affiliate compensation as a ranking input — none of the editorial rows on this page carry an affiliate relationship at the time of writing. Licence-status references and FSD-membership statements were verified against the SBS published licensee register at sbs.gob.pe, the FSD member list and ceiling on fsd.org.pe, the BCRP monetary statistics at bcrp.gob.pe, and reporting from Reuters, El Comercio, Gestión, and Semana Económica on the dates noted in data_as_of. Where SBS rule changes or quarterly FSD ceiling adjustments shift the underlying numbers, the relevant prose calls it out and points readers at SBS / FSD primary sources. We do not reproduce SBS-confidential supervisory ratings.

For FSD-covered pesos, the cover travels through the parent bank.

For PEN-denominated retail digital banking in Peru, the structural pick is whichever bank-anchored surface fits how you already onboard: Yape if BCP is the parent of choice (the largest network and the dominant P2P graph), Tunki if Interbank's broader retail product surface matters, and Plin layered across either as the multi-bank rail that catches merchants who don't accept Yape. All three are FSD-covered through chartered SBS Empresas Bancarias up to the per-depositor per-institution ceiling currently around S/ 119,517 (verify the current quarter on fsd.org.pe). Bim sits in the EEDE class under Ley 29985 — a regulated payment instrument, not an insured deposit. For Peruvian retail use cases the rational pattern is to keep daily-spend balances on a bank-anchored wallet (Yape or Tunki), use Plin as the multi-bank fallback for merchants outside the BCP network, and avoid concentrating savings on an EEDE balance where FSD does not apply. Splitting balances by parent bank — BCP plus Interbank — is how the per-institution FSD ceiling is layered for users with materially more than the ceiling at risk.