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PC 710

Para enmendar los Artículos 1 y 1.1 de la Ley 42-2015, según enmendada, conocida como la “Ley de para que Toda Persona Natural o Jurídica que Preste Servicios Provea al Menos Dos (2) Alternativas de Pago a sus Clientes”, a los fines de requerir que se provea una tercera alternativa de pago mediante el uso de plataformas o aplicaciones electrónicas validadas en Puerto Rico; y para otros fines relacionados.

2025-2028 Session

Puerto Rico expands mandatory payment options from two to three methods, requiring businesses to offer validated digital/electronic payment platforms alongside existing payment alternatives.

Vista Pública: Salón de Audiencias #3
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Bill Summary · PC 710

Legislative bill overview

Bill PC 710 amends Puerto Rico's Law 42-2015, which currently requires businesses and individuals providing services to offer at least two payment methods to customers. This amendment adds a requirement to provide a third payment alternative through validated electronic platforms or applications available in Puerto Rico.

Why is this important

Payment method accessibility affects consumer choice and financial inclusion, particularly for unbanked or underbanked populations. The expansion to three payment options—including digital alternatives—reflects evolving payment technologies and could impact small businesses' operational costs and larger businesses' payment infrastructure investments. This policy shapes how the island's economy modernizes its financial transaction systems.

Potential points of contention

  • Small business burden: Requiring a third payment method may increase costs for small service providers, particularly those with limited IT infrastructure or technical capacity to integrate new platforms
  • Digital divide concerns: Mandating electronic payment alternatives could exclude customers without internet access or smartphone capability, potentially creating barriers rather than improving access
  • Market validation standards: The bill requires using "validated" platforms but doesn't clearly define who validates them, what criteria apply, or how this validation process works, potentially creating regulatory uncertainty

Compiled from official sources — confirm details with the bill’s official record.

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