Discover the payments market in Peru

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

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E-commerce

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

Internet penetration

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

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 and only 20% credit card penetration.