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Peru

Discover the payments market in Peru

43% of Peruvians shop online and the country is a very attractive market offering huge potential for expansion for companies from around the world. By the end of 2021, the Peruvian market is expected to be worth 12.1 billion dollars.

The market in Peru

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E-commerce

Retail is the largest industry in the country, representing 53% of the e-commerce market, which grew by 30% in 2020.

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Internet penetration

Internet penetration in Peru stands at 70% of the population, as does the use of mobile e-commerce.

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Payment methods

Pago Efectivo is a cash-based payment method and the biggest in Peru. Cash payment transactions have a market share of 25% due to Peruvians being largely unbanked, with a low credit card penetration of only 20%.

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Access to banking

There are 18 million e-shoppers in Peru and cash is the most widely used payment method, accounting for 25% of e-commerce sales.

Payment methods

Peru

Cash

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