LATAM Fintech Licensing 2025: Trends, Reforms, and Risk Zones

There are some newly implemented rules regarding the fintech sphere in Latin America. The aim of them is putting a stop to fraud. This creates plenty of difficulties for regional fiscal institutions and enterprises, since they have to stay adhered to these rules and be kept posted regarding any alterations.

This article will make you go over the most relevant information on this topic.

Adaptation

Nowadays, the rules for organizations in this industry are altering very quickly. The reason for it is that people use more online money services, perform instant payments, and utilize new technologies. In order to support this development, a lot of countries are creating new instructions for such enterprises. They encompass rules regarding reporting of transactions, sharing data, and international cooperation. However, some problems still exist. Among them are hazards from hackers, different rules in each country, and delays in keeping up with new ideas. 

Firms need to adjust to these changes and challenges to achieve success in a fast-developing market.

Mexico

The country prepares to launch new rules that aim to counter mass deception. More than a half of the population is under deceit attempts on a month-to-month basis. Starting from the middle of June, money management companies should have arrangements for a list of things: new internal defences, definition of scam types, and enhanced information sharing. Spend limits will be introduced for individuals, and extra checks will be required for larger amounts. The key objective here is transparency and security, for which the companies not conforming will be asked to pay for lost money.

The deadlines for these changes are 180 days for plan submission, 10 months for full setup, and 16 months for individual limits.

Brazil

There is a significant increase in illicit money movements through the Pix system. To put a stop to this, the country’s central government has put forward new restrictions.

For transfers made from unverified devices, there’s a R$200 limit per individual one and a R$1,000 total daily cap. Also, initial uses of Pix are finited to R$200 per instance. These rules aim to improve security and lessen the harm from scams. Now it is much more important to establish strong methods for identification and recording of devices.

Chile

The country has recently seen a big increase in card fraud. There have been many more scams involving credit and debit cards in the past year. A common problem is that people falsely claim they did not make a purchase in order to get their money back.

To fix this, new laws have been introduced. They make it harder to use cards without proper identity verification. It is also now a crime to cheat with cards, especially when someone wrongfully demands their money back.

Places that handle your money will now have to follow stricter rules. If you ask for a refund for something, they will need official documentation. It may mean that the refund will take a little longer.

Peru

This state is making new rules to stop online scams and keep people’s card money safe. Soon, using your card will need an extra check to prove it’s you.

This will roll out step by step: debit cards first, then new credit cards and old ones when they’re replaced, and later for online buys. Eventually, if your card is used without you knowing, the fiscal institution will be responsible.

This means banks need big updates, but it will make things safer for you and better protect your money.