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Country Report

Debit Transactions in

Debit Cards in Peru

Dec 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

A positive performance recorded in debit cards despite adverse economic situation

The negative influence of the COVID-19 pandemic on the economy of Peru was evident in various indicators during 2020. The quarantine lockdown that was in effect in the country for several weeks between the middle of March and the middle of May, the closure of the country’s borders and the dramatic drop-off seen in commercial activity in crucial sectors as a result of these measures all took their toll on the personal finances of very many Peruvian people.

Raising of maximum transaction limit for contactless payment boosts debit card use

One of the most important trends to emerge from the COVID-19 situation in Peru’s financial card and payments industry during 2020 was the strong shift away from the use of cash and towards the use of financial cards as a payment tool in the proximity environment. This was a reflection of the fears that many people were harbouring about the potential for bank notes and coins to transmit the COVID-19 virus.

The leading financial cards operators collaborate to improve card payment access

2020 saw the initiation of an alliance between two of the leading operators of financial cards in Peru. Niubiz (formerly Visanet) is the operator of Visa financial cards in the country, while Procesos Medios de Pago is the operator of the country’s MasterCard network and these two major players in the financial cards and payments industry began collaborating during the year.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Debit Transactions industry in Peru with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Debit Transactions industry in Peru, our research will save you time and money while empowering you to make informed, profitable decisions.

The Debit Transactions in Peru market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Debit Transactions in Peru?
What are the major operators and issuers in Peru?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Debit Transactions in Peru, originate from our database within our Consumer Finance market share and market size database.

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Charge Cards in Peru - Category analysis

Charge Cards in Peru - Company Profile

2020 IMPACT

Charge cards set to remain a non-existent category of financial cards in Peru

Credit Cards in Peru - Category analysis

Credit Cards in Peru - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Reluctance to borrow money due to COVID-19 suppresses growth in credit cards

The strong growth seen in e-commerce supports the use of credit cards

The issuing of credit cards widens as part of financial inclusion programmes

RECOVERY AND OPPORTUNITIES

Positive growth expected in credit cards although negative pressures set to remain

More basic credit card offers to be rolled out to attract less affluent consumers

The expansion of contactless cards likely to be crucial to growth in credit cards

CATEGORY DATA

Table 1 Credit Cards: Number of Cards in Circulation 2015-2020
Table 2 Credit Cards Transactions 2015-2020
Table 3 Credit Cards in Circulation: % Growth 2015-2020
Table 4 Credit Cards Transactions: % Growth 2015-2020
Table 5 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
Table 6 Commercial Credit Cards Transactions 2015-2020
Table 7 Commercial Credit Cards in Circulation: % Growth 2015-2020
Table 8 Commercial Credit Cards Transactions: % Growth 2015-2020
Table 9 Personal Credit Cards: Number of Cards in Circulation 2015-2020
Table 10 Personal Credit Cards Transactions 2015-2020
Table 11 Personal Credit Cards in Circulation: % Growth 2015-2020
Table 12 Personal Credit Cards Transactions: % Growth 2015-2020
Table 13 Credit Cards: Number of Cards by Issuer 2015-2019
Table 14 Credit Cards: Number of Cards by Operator 2015-2019
Table 15 Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 16 Credit Cards Payment Transaction Value by Operator 2015-2019
Table 17 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
Table 18 Commercial Credit Cards: Number of Cards by Operator 2015-2019
Table 19 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 20 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
Table 21 Personal Credit Cards: Number of Cards by Issuer 2015-2019
Table 22 Personal Credit Cards: Number of Cards by Operator 2015-2019
Table 23 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 24 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
Table 25 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
Table 26 Forecast Credit Cards Transactions 2020-2025
Table 27 Forecast Credit Cards in Circulation: % Growth 2020-2025
Table 28 Forecast Credit Cards Transactions: % Growth 2020-2025
Table 29 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 30 Forecast Commercial Credit Cards Transactions 2020-2025
Table 31 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 32 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
Table 33 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 34 Forecast Personal Credit Cards Transactions 2020-2025
Table 35 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
Table 36 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in Peru - Category analysis

Debit Cards in Peru - Company Profile

KEY DATA FINDINGS

2020 IMPACT

A positive performance recorded in debit cards despite adverse economic situation

Raising of maximum transaction limit for contactless payment boosts debit card use

The leading financial cards operators collaborate to improve card payment access

RECOVERY AND OPPORTUNITIES

Rising debit card usage due to widening acceptance, greater need for convenience

Efforts to completely digitalise Peru’s banking system to boost growth in debit cards

Access to state financial aid to be tied to participation in the financial industry

CATEGORY DATA

Table 37 Debit Cards: Number of Cards in Circulation 2015-2020
Table 38 Debit Cards Transactions 2015-2020
Table 39 Debit Cards in Circulation: % Growth 2015-2020
Table 40 Debit Cards Transactions: % Growth 2015-2020
Table 41 Debit Cards: Number of Cards by Issuer 2015-2019
Table 42 Debit Cards: Number of Cards by Operator 2015-2019
Table 43 Debit Cards Payment Transaction Value by Issuer 2015-2019
Table 44 Debit Cards Payment Transaction Value by Operator 2015-2019
Table 45 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
Table 46 Forecast Debit Cards Transactions 2020-2025
Table 47 Forecast Debit Cards in Circulation: % Growth 2020-2025
Table 48 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in Peru - Category analysis

Pre-Paid Cards in Peru - Company Profile

KEY DATA FINDINGS

2020 IMPACT

High demand for general purpose reloadable cards boosts open loop pre-paid cards

The uses of existing open loop pre-paid cards expand in response to COVID-19

Closed loop pre-paid cards declines strongly as the use of public transport plummets

RECOVERY AND OPPORTUNITIES

Positive performance expected to be underpinned by rising demand for convenience

Transportation cards set to recover once the COVID-19 situation recedes

Pre-paid cards set to benefit from general distrust in the financial system

CATEGORY DATA

Table 49 Pre-paid Cards: Number of Cards in Circulation 2015-2020
Table 50 Pre-paid Cards Transactions 2015-2020
Table 51 Pre-paid Cards in Circulation: % Growth 2015-2020
Table 52 Pre-paid Cards Transactions: % Growth 2015-2020
Table 53 Closed Loop Pre-paid Cards Transactions 2015-2020
Table 54 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 55 Open Loop Pre-paid Cards Transactions 2015-2020
Table 56 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 57 Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 58 Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 59 Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 60 Pre-paid Cards Transaction Value by Operator 2015-2019
Table 61 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 62 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 63 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 64 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 65 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 66 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 67 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 68 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 69 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 70 Forecast Pre-paid Cards Transactions 2020-2025
Table 71 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
Table 72 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
Table 73 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
Table 74 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 75 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
Table 76 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Store Cards in Peru - Category analysis

Store Cards in Peru - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Store cards continues to struggle as the COVID-19 pandemic discourages spending

Store cards continues to decline as co-branded credit cards come to the fore

The importance of loyalty schemes as a key store card benefit diminishes

RECOVERY AND OPPORTUNITIES

Further declines lie ahead for store cards as demand continues to wane

Emergence of general purpose reloadable cards to place pressure on store cards

Greater transparency from issuers required if store cards are to remain relevant

CATEGORY DATA

Table 77 Store Cards: Number of Cards in Circulation 2015-2020
Table 78 Store Cards Transactions 2015-2020
Table 79 Store Cards in Circulation: % Growth 2015-2020
Table 80 Store Cards Transactions: % Growth 2015-2020
Table 81 Store Cards: Number of Cards by Issuer 2015-2019
Table 82 Store Cards: Payment Transaction Value by Issuer 2015-2019
Table 83 Forecast Store Cards: Number of Cards in Circulation 2020-2025
Table 84 Forecast Store Cards Transactions 2020-2025
Table 85 Forecast Store Cards in Circulation: % Growth 2020-2025
Table 86 Forecast Store Cards Transactions: % Growth 2020-2025

Financial Cards and Payments in Peru - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Government financial aid schemes highlight issues caused by low financial inclusion

Credit cards fails to capitalise on shift away from cash as many remain sceptical

The COVID-19 situation leads to innovation being seen in banking services

What next for consumer payments?

MARKET INDICATORS

Table 87 Number of POS Terminals: Units 2015-2020
Table 88 Number of ATMs: Units 2015-2020
Table 89 Value Lost to Fraud 2015-2020
Table 90 Card Expenditure by Location 2020
Table 91 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
Table 92 Domestic versus Foreign Spend 2020

MARKET DATA

Table 93 Financial Cards by Category: Number of Cards in Circulation 2015-2020
Table 94 Financial Cards by Category: Number of Accounts 2015-2020
Table 95 Financial Cards Transactions by Category: Value 2015-2020
Table 96 Financial Cards by Category: Number of Transactions 2015-2020
Table 97 Consumer Payments by Category: Value 2015-2020
Table 98 Consumer Payments by Category: Number of Transactions 2015-2020
Table 99 M-Commerce by Category: Value 2015-2020
Table 100 M-Commerce by Category: % Value Growth 2015-2020
Table 101 Financial Cards: Number of Cards by Issuer 2015-2019
Table 102 Financial Cards: Number of Cards by Operator 2015-2019
Table 103 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
Table 104 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
Table 105 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 106 Forecast Financial Cards by Category: Number of Accounts 2020-2025
Table 107 Forecast Financial Cards Transactions by Category: Value 2020-2025
Table 108 Forecast Financial Cards by Category: Number of Transactions 2020-2025
Table 109 Forecast Consumer Payments by Category: Value 2020-2025
Table 110 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
Table 111 Forecast M-Commerce by Category: Value 2020-2025
Table 112 Forecast M-Commerce by Category: % Value Growth 2020-2025

Megatrends

Country Report

Debit Cards in Peru

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

A positive performance recorded in debit cards despite adverse economic situation

Raising of maximum transaction limit for contactless payment boosts debit card use

The leading financial cards operators collaborate to improve card payment access

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in Peru - Category analysis

Charge Cards in Peru - Company Profile

2020 IMPACT

Charge cards set to remain a non-existent category of financial cards in Peru

Credit Cards in Peru - Category analysis

Credit Cards in Peru - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Reluctance to borrow money due to COVID-19 suppresses growth in credit cards

The strong growth seen in e-commerce supports the use of credit cards

The issuing of credit cards widens as part of financial inclusion programmes

RECOVERY AND OPPORTUNITIES

Positive growth expected in credit cards although negative pressures set to remain

More basic credit card offers to be rolled out to attract less affluent consumers

The expansion of contactless cards likely to be crucial to growth in credit cards

CATEGORY DATA

Debit Cards in Peru - Category analysis

Debit Cards in Peru - Company Profile

KEY DATA FINDINGS

2020 IMPACT

A positive performance recorded in debit cards despite adverse economic situation

Raising of maximum transaction limit for contactless payment boosts debit card use

The leading financial cards operators collaborate to improve card payment access

RECOVERY AND OPPORTUNITIES

Rising debit card usage due to widening acceptance, greater need for convenience

Efforts to completely digitalise Peru’s banking system to boost growth in debit cards

Access to state financial aid to be tied to participation in the financial industry

CATEGORY DATA

Pre-Paid Cards in Peru - Category analysis

Pre-Paid Cards in Peru - Company Profile

KEY DATA FINDINGS

2020 IMPACT

High demand for general purpose reloadable cards boosts open loop pre-paid cards

The uses of existing open loop pre-paid cards expand in response to COVID-19

Closed loop pre-paid cards declines strongly as the use of public transport plummets

RECOVERY AND OPPORTUNITIES

Positive performance expected to be underpinned by rising demand for convenience

Transportation cards set to recover once the COVID-19 situation recedes

Pre-paid cards set to benefit from general distrust in the financial system

CATEGORY DATA

Store Cards in Peru - Category analysis

Store Cards in Peru - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Store cards continues to struggle as the COVID-19 pandemic discourages spending

Store cards continues to decline as co-branded credit cards come to the fore

The importance of loyalty schemes as a key store card benefit diminishes

RECOVERY AND OPPORTUNITIES

Further declines lie ahead for store cards as demand continues to wane

Emergence of general purpose reloadable cards to place pressure on store cards

Greater transparency from issuers required if store cards are to remain relevant

CATEGORY DATA

Financial Cards and Payments in Peru - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Government financial aid schemes highlight issues caused by low financial inclusion

Credit cards fails to capitalise on shift away from cash as many remain sceptical

The COVID-19 situation leads to innovation being seen in banking services

What next for consumer payments?

MARKET INDICATORS

MARKET DATA