# Milestone positions Credicorp-backed Tenpo as the first digital-native bank authorized to operate in Chile.

*fintech · news · 2026-01-20 · The Manila Times*

## Key points

- Tenpo is the first digital-native bank licensed to operate in Chile under General Banking Law.
- Tenpo received its final operating authorization from Chile’s Comisión para el Mercado Financiero in January 2026.
- Chile grants only one type of banking license, so Tenpo will face the same regulations as traditional banks.
- Over 2.5 million existing Tenpo users can upgrade to the new neobank at no cost through the app.

**Companies:** Credicorp Ltd., Tenpo
**Countries:** Peru, Chile, Colombia, Bolivia, Panama, United States

[Read the full story on The Manila Times](https://www.manilatimes.net/2026/01/21/tmt-newswire/globenewswire/credicorp-ltd-tenpo-becomes-chiles-first-neobank-after-receiving-a-banking-license/2262246)

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