Credit and Debit Cards in Ecuador Will Have New Rules: Shops Will Be Able to Charge only in Cash and Plastics Will Be Issued without Sensitive Information
5 Articles
5 Articles
The standard sets new requirements for payment operators and strengthens user security and protection.
Ecuador approved new rules for credit, debit and prepaid cards: same price as in cash, greater security and protection for users.
The Board of Financial and Monetary Policy and Regulation (JPRFM) approved the Standard that regulates the operation of payment cards in Ecuador, by Resolution JPRFM-2026-048-T, issued in Quito on November 6, 2026. The rule governs since its issuance, but the Superintendency of Banks, the Superintendency of Popular and Solidarity Economy... The entry Same price with card that counted, among the new rules that will apply in Ecuador was first publ…
Ecuador fixes prices, security and claims for payments with cards. Entities have six months to adjust their rules and implement them.
The Board of Financial and Monetary Policy and Regulation (JPRFM) approved yesterday -06 November - new conditions for transactions with credit, debit and prepaid cards in Ecuador. The regulation incorporates security measures, establishes requirements for new participants of the auxiliary payment system and unifies provisions related to transparency, costs and
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