# Plin

> Source: https://docs.barcoder.ai/docs/wallets/plin
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Plin — official](https://plin.pe/)

## Overview

**Plin** is **Peru's multi-bank interoperability payment layer**, embedded in **mobile banking apps of 7 Peruvian financial entities** <sup>[1][1], [2][2], [Peru report](https://docs.barcoder.ai/docs/payments/PE)</sup>. **14+ million users** — distinctive **non-standalone-app model** vs Yape's standalone app.

**Plin's 7 participating entities** <sup>[3][3]</sup>: **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** <sup>[4][4]</sup>: Phase-one cross-wallet transactions via mobile numbers + QR codes.

## History

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

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

**End-2023 — 13+ million users** <sup>[4][4]</sup>.

**April 2023 — Yape-Plin Visa interoperability phase 1** <sup>[4][4]</sup>.

**2025 — 14+ million users** <sup>[2][2]</sup>.

## 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** <sup>[2][2], [4][4]</sup>:
- **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](https://docs.barcoder.ai/docs/standards/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](https://docs.barcoder.ai/docs/standards/yape) (PE rival) | [Pix](https://docs.barcoder.ai/docs/standards/pix) (BR analogous multi-bank rail) | [Bizum](https://docs.barcoder.ai/docs/standards/bizum) (ES analogous bank-consortium) | [Swish](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [4][4]</sup>:
- **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]: https://www.bbva.pe/personas/servicios-digitales/plin.html "Plin — BBVA Perú"
[2]: https://www.espana-peru.org/articulo/plin-app-bbva-peru-ya-suma-siete-entidades-su-servicio "Plin 7 entities — Fundación Consejo España Perú"
[3]: https://www.businesswire.com/news/home/20200527005225/en/Peruvian-Banks-BBVA-Interbank-and-Scotiabank-Launch-PLIN-Using-YellowPeppers-Real-Time-Payment-Platform "Plin launch May 2020 YellowPepper — Business Wire"
[4]: https://finqfy.com/plin/ "Plin interbank payment layer — FinQfy"
[pe-cro]: https://docs.barcoder.ai/docs/payments/PE

- [1] [Plin — BBVA Perú][1]
- [2] [Plin 7 entities — Fundación Consejo España Perú][2]
- [3] [Plin launch May 2020 YellowPepper — Business Wire][3]
- [4] [Plin interbank payment layer — FinQfy][4]
- <sup>[Peru report](https://docs.barcoder.ai/docs/payments/PE)</sup> In-corpus: `reports/countries/PE-peru.md`

## Source

Biography extracted from [plin.md](https://docs.barcoder.ai/source/wallets/plin). See `matrix.md` for standards-support matrix if present.