Peru

In-store, cash still led with 31% of point-of-sale value in 2024, down from 60% in 2019, but account-to-account payments were close behind at 30%, followed by debit and prepaid cards at 21%, credit cards at 12% and wallets at 5% (Worldpay). Yape and Plin were the most used payment apps in shops, cited by 54% and 34% of surveyed consumers, and the two are now required to be interoperable, effectively creating a single real-time payment network paid by QR code or phone number. Digital payments are growing fast: 6.644 billion digital transactions were recorded in the first half of 2025, 61% more than a year earlier.

Worldpay estimated Peru’s e-commerce market at US$15 billion in 2024 and forecasts 12% annual growth to 2030, with account-to-account payments led by Yape and Plin projected to reach 49% of online value by 2030. Cash vouchers still made up 12% of online value in 2024, so a pay-in-cash option remains important for shoppers without cards; only 11% of adults had paid digitally for an online purchase in 2024 (World Bank). Prices are normally shown in soles, and business buyers need an electronic invoice (factura) issued against their RUC tax number.

The Banco Central de Reserva del Perú (BCRP) regulates and oversees the national payment system. In December 2025 (Circular 0022-2025-BCRP) it approved a new General Regulation of the National Payment System, which defines payment services such as fund transfers, issuing payment instruments, acquiring, cross-border transfers, collections and disbursements, and requires payment service entities (ESPs) that take part in payment systems to obtain BCRP authorisation. The Superintendencia de Banca, Seguros y AFP (SBS) supervises banks, other financial institutions and anti-money-laundering compliance, and in February 2026 published an open finance roadmap (Hoja de Ruta Finanzas Abiertas) setting out a phased implementation.

The World Bank’s Global Findex 2025 found that 59% of Peruvian adults had an account in 2024 (57.5% in 2021, and about 20% in 2011). Traditional financial-institution accounts fell from 56% to 50%, while mobile money accounts jumped from 14% to 43%. Only 37% owned a debit card and 13% a credit card, but 33% had paid in store with a card or phone, up from 21% in 2021.