# Plin > Source: https://docs.barcoder.ai/docs/standards/plin > research date 2026-05-29 · extracted at 2026-10-06 > Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards Specifications: - [PLIN — BBVA Peru](https://www.bbva.pe/plin.html) - [PLIN interbank payment layer — FinQfy](https://finqfy.com/plin/) ## Overview **PLIN** is **Peru's bank-consortium-coordinated interbank P2P payment service**, launched **January 2020** by **BBVA Peru, Interbank, and Scotiabank Peru** (3 of Peru's top-4 banks) — built on **YellowPepper's real-time payment platform** [1][1], [2][2], [Peru report](https://docs.barcoder.ai/docs/payments/PE). PLIN enables **free, 24/7, real-time interbank transfers using only a mobile phone number**. The launch was structurally significant: PLIN's **rapid 0→3 million users by June 2021** (vs initial 500K-in-60-days goal achieved much faster) demonstrated explosive Peruvian mass-market adoption. By 2024+, PLIN has **expanded to 10+ participating institutions** (up from initial 3), integrated within the mobile-banking applications of major Peruvian banks (BBVA, Interbank, Scotiabank, BCP, etc.). PLIN competes principally with **Yape** (Banco de Crédito del Perú's earlier-launched P2P, now Peru's largest payment app). The PLIN-Yape duopoly defines Peruvian P2P-mobile-payment. PLIN's structural distinction: **YellowPepper's first real-time-payment platform launch in Peru** — illustrating Latin America fintech-infrastructure-vendor reach. PLIN is part of broader Peruvian payment-modernisation alongside **BCP's PCM** instant rail + emerging **interoperable instant payments** initiatives. ## History **Background — Peruvian payment landscape** [Peru report](https://docs.barcoder.ai/docs/payments/PE): - **Banco Central de Reserva del Perú (BCRP)** — central bank. - **Yape** (BCP) — earlier P2P launched 2017, dominant. - BBVA, Interbank, Scotiabank, BCP as major banks. **January 2020 — PLIN launches** [1][1]: - BBVA Peru + Interbank + Scotiabank Peru consortium. - Built on **YellowPepper's** RTP platform. - Free 24/7 interbank P2P. **Within 60 days — 500K users target exceeded** [1][1]: - Rapid initial adoption. **June 2021 — 3M users** [2][2]: - Continued explosive growth. **10+ participating institutions** [2][2]: - Expansion beyond initial 3 founding banks. - Integrated within mobile-banking apps. ## Technical specification PLIN is **Peruvian bank-consortium P2P on YellowPepper RTP platform** [1][1], [2][2]: | Layer | Description | |---|---| | **Operator** | **Bank consortium** (BBVA Peru + Interbank + Scotiabank + 7 others) | | **Technology platform** | **YellowPepper** RTP platform | | **Launch** | **January 2020** | | **Currency** | PEN (Peruvian sol) | | **Channels** | Mobile-banking apps (10+ participating banks) | | **Identifier** | Mobile phone number | | **Cost** | **Free** | | **Availability** | 24/7 | **Bank-app integration** [2][2]: - Integrated within BBVA, Interbank, Scotiabank mobile apps. - Not standalone — bank-app-embedded. **YellowPepper platform** [1][1]: - Latin American RTP-infrastructure provider. - PLIN as flagship Peru deployment. ## Use cases **P2P transfers** [2][2]: Cardinal use. **Cross-bank instant** [1][1]: Any participating bank to any other. **Free of charge** [1][1]: Adoption driver. **Bank-app integration** [2][2]: Existing banking-app users. ## Implementations & ecosystem **Founding consortium**: BBVA Peru, Interbank, Scotiabank Peru. **Major competitor**: **Yape** (BCP, Peru's largest P2P app). **Technology platform**: **YellowPepper** (LATAM RTP infrastructure). **Regulator**: **BCRP** + Superintendencia de Banca, Seguros y AFP (SBS). ## Fun facts - **YellowPepper's flagship Peru RTP launch**: YellowPepper's first real-time-payment platform launch in Peru. - **0→3M users in ~18 months**: Among the fastest national P2P-app adoptions in LATAM. - **500K in 60 days target exceeded**: Initial adoption beat goal. - **Bank-consortium response to Yape**: PLIN structurally similar to how MODO Argentina responded to Mercado Pago dominance, or Zelle US responded to Venmo. - **10+ participating banks**: Substantial Peruvian banking-sector coverage. - **Yape dominance challenge**: PLIN + Yape together comprise Peru's P2P-mobile-payment market. - **Free + 24/7**: Adoption-friendly design. - **Mobile-banking-app embedded**: Not standalone wallet — banking-app extension. ## Comparison | Feature | PLIN (PE) | Yape (PE competitor) | [MODO](https://docs.barcoder.ai/docs/standards/modo) (AR) | [Bizum](https://docs.barcoder.ai/docs/standards/bizum) (ES) | [Zelle QR](https://docs.barcoder.ai/docs/standards/zelle-qr) (US) | |---|---|---|---|---|---| | Operator | Bank consortium (10+ banks) | BCP (single bank) | Bank consortium (35+) | Bizum SL (bank consortium) | Early Warning Services | | Launch | **Jan 2020** | 2017 | Dec 2020 | Oct 2016 | 2017 | | Users | 3M+ (Jun 2021) | Much larger | 9M+ | 24M | 120M | | Tech platform | **YellowPepper** | Internal | Internal | Internal | Internal | | Standalone app | **No (bank-embedded)** | Yes | Yes | Both | Both | ## Status **Active, growing Peruvian P2P** [1][1], [2][2]: - **10+ participating banks**. - **YellowPepper platform**. - **Free 24/7 interbank**. - **Bank-app embedded**. ## Sources [1]: https://www.businesswire.com/news/home/20200527005225/en/Peruvian-Banks-BBVA-Interbank-and-Scotiabank-Launch-PLIN-Using-YellowPeppers-Real-Time-Payment-Platform "Peruvian Banks Launch PLIN — Business Wire" [2]: https://finqfy.com/plin/ "PLIN interbank payment layer — FinQfy" [3]: https://iupana.com/2020/03/16/plin-pagos-interbancarios-gratuitos-peru/ "PLIN free interbank — iupana" - [1] [Peruvian Banks Launch PLIN — Business Wire][1] - [2] [PLIN interbank payment layer — FinQfy][2] - [3] [PLIN free interbank — iupana][3] - [Peru report](https://docs.barcoder.ai/docs/payments/PE) `reports/countries/PE-peru.md` ## Deployments Found in the following country reports (grep across `reports/countries/`): - **PE** — [PE-peru.md](https://docs.barcoder.ai/docs/payments/PE)