Payment methods in Peru
The average Peruvian online shopper spends US$392 a year with e-commerce merchants, rising to US$434 by 2027.
Market takeaways
- The average Peruvian online shopper spends US$392 a year with e-commerce merchants, rising to US$434 by 2027.
- When they shop online, Peruvians use mobile devices to complete almost a quarter of all their purchases.
- Online shoppers in Peru buy US$1.3 billion worth of goods, 14% of all their online purchases, from merchants in other countries.
- Peruvians use something other than a card to pay for almost 50% of all their online transactions.
- Worth US$10 billion in 2023, the Peruvian e-commerce market will grow to a value of US$15 billion by 2027.
Population
34.2M
Online population
24.6M
B2C e-commerce
$9.38B
Banked population
51%
Credit card population
15%
E-commerce of total retail
9%
Payment method breakdown
- Card52%
- Cash10%
- Bank Transfer17%
- E-Wallet11%
- Other10%
Card scheme breakdown
- Visa81%
- Mastercard17%
- American Express1%
- Local schemes0%
- Other1%
Cross-border e-commerce
Cross-border shoppers
0%
Share of e-commerce
14%
Cross-border value (est.)
$1.3B
Featured payment methods in Peru
Popular options based on coverage and prominence in this market.
Yape
A digital wallet that has seen extraordinary growth, becoming the preferred payment method for over 15 million Peruvians and evolving into a "super-app" with credit and recurring payment capabilities.
PagoEfectivo
A highly popular cash voucher system with over 100,000 payment points throughout the country, allowing consumers to pay for online purchases in person.
All payment methods in Peru
Discover 2 payment methods from around the world
Featured banks in Peru
Major institutions operating in this market.
Banco Santander
Santander, Spain
Banco Santander is Spain's largest bank and one of the world's top 10 financial institutions by market cap. It serves 160 million customers in Europe, North America, and Latin America.
BBVA
Bilbao, Spain
BBVA is Spain's second-largest bank with a major presence in Mexico, South America, Turkey, and the USA. It is known for its digital banking leadership.
Bank of Nova Scotia (Scotiabank)
Toronto, Canada
Scotiabank is Canada's most international bank with major operations in Latin America, the Caribbean, and Asia.
Banco de Crédito del Perú (BCP)
Lima, Peru
Banco de Crédito del Perú (BCP) is Peru's largest bank by assets, offering retail, SME, and corporate banking. It is part of Credicorp, Latin America's largest financial holding company.
BBVA Peru
Lima, Peru
BBVA Peru is the Peruvian subsidiary of BBVA, one of the country's top three banks.
Scotiabank Peru
Lima, Peru
Scotiabank Peru is the Peruvian arm of Scotiabank, offering retail, SME, and corporate banking.
All banks in Peru
Showing 8 of 8 banks
