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Peru Country Report

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  • Published Date: April 2020

A comprehensive overview of the cards, payments and consumer banking market in Peru.

What you will learn from this report:

  • Why segmentation is more of a feature than before
  • How good governance has been encouraging payments
  • Why Peru's financial inclusion policies are increasingly important
  • How profitability has been affected by more transactional behaviour
  • How e-commerce has blossomed in Peru, to the benefit of issuers


  • Peru possesses one of the most stable and best-performing economies in Latin America, with low inflation by regional standards. However, the Covid-19 pandemic will negatively impact GDP growth.
  • Although more than six million Peruvians remain poor, a strong middle class is emerging.
  • Cash is the most popular payment method, but usage has been falling as Peru payments are increasingly digitalised.
  • Credit has not only increased in depth – more services to the affluent – but also in breadth, becoming available to large segments of the traditionally unbanked population.
  • The number of point-of-sale terminals in Peru has soared in recent years, alongside an increasing number of merchant outlets hosting a banking correspondent agent.
  • In this positive economic and banking environment, payment cards have become an ingrained feature of Peru's payment landscape. The number of card purchase transactions has almost trebled since 2013.
  • A national e-money platform, BIM, went live in early 2016. However, uptake has disappointed, with fewer than a million users by 2020.
  • The Peru merchant acquirer market was deregulated in early 2020: merchants no longer require separate merchant accounts to accept both Visa and Mastercard.
  • VisaNet has been rebranded as Niubiz, while Procesos MC is now known as Izipay.

Peru Cards & Payments Research | Report Contents

Key Points
Demographics and the economy
Payments environment
Cards market
Mobile payments
Profit pool
Peru networks
Key retail banks and issuers
Acquiring and processing
Online acquiring
Regulatory and other cards market information

Appendices: Card Payments Data

Appendix I: Demographics and the economy

  • Demographic and economic indicators
  • Ownership of key consumer devices
  • Internet usage by population

Appendix II: Payments environment

  • Access points
  • Account penetration
  • Consumer payment trends
  • B2C e-commerce payment methods

Appendix III: Cards market

  • Total cards payment metrics
  • Contactless cards metrics
  • Peru credit card data numbers
  • Total credit cards metrics
  • Credit cards profitability indicators
  • Debit cards numbers
  • Debit cards metrics
  • Prepaid/e-money cards metrics

Appendix IV: Mobile payments

  • Mobile money metrics

Appendix V: Profit pool

  • Profit pool

Appendix VI: Card networks

  • Networks' credit card market shares
  • Networks' credit card numbers
  • Networks' credit card billed volume
  • Networks' number of credit card transactions
  • Networks' average credit card transaction value
  • Peru credit card interchange fees by network
  • Networks' debit card market shares
  • Networks' debit card numbers
  • Networks' debit card billed volume
  • Networks' number of debit card transactions
  • Networks' average debit card transaction value
  • Peru debit card interchange fees by network

Appendix VII: Key retail banks and issuers

  • Key Peru credit card issuers market shares by credit card numbers
  • Key issuers market shares in credit card data outstandings
  • Key debit card issuers market shares by debit card numbers

Appendix VIII: Acquiring and processing

  • Merchant acquirer credit card market share
  • Peru credit card merchant service charges
  • Merchant acquirer debit card market share
  • Debit card merchant service charges
  • Credit card issuer/issuing processor relationships
  • Credit card acquirer/acquiring processor relationships
  • Credit card data – issuing processor market shares by card numbers
  • Credit card acquiring processor market shares by number of POS transactions

Appendix IX: Online acquiring

  • Online merchant acquirer market share

Peru Payments Research | Entities Referenced

AFP Alignet Amazon American Airlines American Express Asbanc ASHC Atlantic Security Holding Corporation Azteca Perú BanBif Banco Cencosud Banco Central de Reserva del Perú Banco de Comercio Banco de Credito de Bolivia Banco de Credito del Peru Banco de Credito e Inversiones Banco de la Nación Banco del Trabajo Banco Falabella Banco GNB Banco Interamericano de Finanzas Banco Internacional del Peru Banco Pichincha Perú Banco Sudamericano Banco Wiese Sudameris BBVA BBVA Banco Continental BBVA Perú BCI BCP BCRP Billetera Móvil Bim Bitel Caja CAT Perú Caja Piura Cámara de Compensación Electrónica Capece CCE Cencosud Cirrus Citibank Claro CMAC Arequipa CMAC Cusco CMAC Huancayo CMAC Ica CMAC Piura CMAC Sullana CMAC Trujillo Credicorp Crediscotia Financiera Diners Club Edyficar El Pacífico-Peruano Suiza Compañía de Seguros y Reaseguros Expressnet Falabella Financiera CrediScotia Financiera Edyficar Financiera Oh! Financiera Solucion Financiera Uno Globalnet Glovo Hiraoka InkaFarma Interbank Intercorp Peru Izipay Jockey Plaza Ligo Linio Lumingo Mastercard Max Metro Mibanco Modelo Peru Movistar Movistar Entel Multired MundoHogar Niubiz Open Plaza Pagos Digitales Peruanos PayU PDP PPS Presta Procesos MC Prosus Punto.Web Rappi Ripley Ripley Group Saga Falabella SBS Scotiabank Sodimac Superintendencia de Banca, Seguros y Tarjeta Cencosud Tarjeta La Mágica Tottus Uber Eats Unibanca Unicard UNO Financiera Uno Visa VisaNet Vocalink Yape


Verisk reports deliver invaluable market and competitor intelligence on payments cards, e-money, acquiring/processing, retail banking, and consumer credit in Latin America. Our analysts and researchers use both primary and secondary source data and conduct in-depth interviews with senior Peruvian industry executives and experts.

See more Latin America Payment Research Reports or explore the full range of Financial Research Reports available for 72 markets worldwide

For more information or to discuss subscription options, please email research_enquiries@verisk.com or telephone: +44(0)20 7337 4200.