Fintech Regulatory Report

Central America is a region experiencing growth and development in the Fintech market. In recent years, some countries have enacted laws, regulations, and rules applicable to various types of financial technology services. However, other services offered by Fintech companies are regulated through general principles of law and the primary laws of each country. Nevertheless, there has been a growing interest among regulators, startups, financial institutions, consumers, and other stakeholders in establishing applicable standards and contributing to the development of the Fintech ecosystem.

Payment methods provided through technological platforms are the most heavily regulated services in the region, as they are in high demand in the market. In this manual, we cover the current regulations in Guatemala, El Salvador, Honduras, Nicaragua, and Costa Rica applicable to Fintech companies and their main related areas: Data Protection, Consumer Protection, and Taxation.