Peru
Two wallets took the market in a few years.
- Currency
- PEN
- Settlement
- T+1
- Methods
- 5
The market
Yape and PLIN went from launch to ubiquity remarkably quickly, built on top of the major banks. PagoEfectivo still carries the cash-preferring segment, which remains large.
What we would tell you
Yape first. PagoEfectivo remains necessary for the substantial cash-preferring cohort.
- Population
- ~34 million
- Market shape
- Wallet-led
- Indicative
- Yape / PLIN adoption
- Very rapid
- Indicative
Moving value out
Straightforward
Collecting here is not the hard part. This rating describes repatriation.
A comparatively open corridor with functioning FX channels.
Methods
5 local methods in Peru.
4 move money in both directions. 1 are collection only.
- YapeWalletin · out
- PagoEfectivoCash / voucherin
- PLINWalletin · out
- BCP TransferBank transferin · out
- InterbankBank transferin · out
Bar widths indicate approximate share of local online payment volume and are shown for ordering only.
Tell us where you need to get paid.
Four questions about your business and your markets. If we are a fit, a payments lead responds within one business day with the methods and indicative pricing for your corridors.
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