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Country Report

Debit Transactions in

Debit Cards in Peru

Nov 2019

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!

PROSPECTS

Debit cards recording strong growth

Debit cards have been growing at the fastest pace in volume and value terms among financial cards. This is being driven by increasing banking levels and expansion of merchant acceptance of these cards, such as networks of agents that allow consumers to make payments and perform different operations without the need to go to a bank.

Visanet “Fast Pay” function offers consumers contactless purchases

In the third trimester of 2018 Visanet implemented the “Fast Pay” function in Peru. This is aimed at improving the payment experience by making it faster.

Average spend per transaction remains high for debit cards

Despite strong growth in the number of debit card transactions, a good number of Peruvian consumers still do not use debit cards for everyday small purchases. According to data from Banco Central de Reserva del Perú (BCR), average spend per transaction remains high, confirming this trend.

COMPETITIVE LANDSCAPE

Leader Banco de Crédito del Perú remains active in developing new products like the YAPE mobile payments app

Banco de Crédito del Perú is the leading issuer of debit cards. Banco de Crédito has a long tradition in the country and is the only traditional bank that has not been sold over the years.

Visanet-Kasnet tie-up adds 7,500 new outlets that accept Visa card payments

From mid-2019 an agreement struck between Visanet and Globokas, the owner of the Kasnet network of agents in Peru, significantly expanded the reach of payment by financial card. Kasnet has 7,500 outlets in its network that will all now allow the use of Visa debit, credit and pre-paid cards at points of sale in businesses that are part of the Kasnet network.

Non-bank players increasing their share of cards in circulation

Although banks are the leading issuers of debit cards, other financial institutions like Municipal Saving Institutions are gaining ground in terms of the number of cards in circulation. Municipal Saving Institutions have experienced fast growth, up from representing 8% of total cards in circulation in 2010 to 16% in 2018, according to SBS data (Superintendencia de Banca y Seguros).

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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

PROSPECTS

Credit Cards in Peru - Category analysis

Credit Cards in Peru - Company Profile

HEADLINES

PROSPECTS

Cash still generally used for smaller transactions, with credit cards associated with higher-value purchases

Number of cards in circulation continues recovery from the slowdown in growth seen in 2017

Growing presence of retailers’ former financial companies

COMPETITIVE LANDSCAPE

Visa still the dominant operator, despite Mastercard’s gains

Intercorp’s Tarjeta Oh! credit card recording strong growth

Leading credit card issuers are department stores’ financial companies like Banco Falabella or Banco Ripley

CATEGORY DATA

Table 1 Credit Cards: Number of Cards in Circulation 2014-2019
Table 2 Credit Cards Transactions 2014-2019
Table 3 Credit Cards in Circulation: % Growth 2014-2019
Table 4 Credit Cards Transactions: % Growth 2014-2019
Table 5 Commercial Credit Cards: Number of Cards in Circulation 2014-2019
Table 6 Commercial Credit Cards Transactions 2014-2019
Table 7 Commercial Credit Cards in Circulation: % Growth 2014-2019
Table 8 Commercial Credit Cards Transactions: % Growth 2014-2019
Table 9 Personal Credit Cards: Number of Cards in Circulation 2014-2019
Table 10 Personal Credit Cards Transactions 2014-2019
Table 11 Personal Credit Cards in Circulation: % Growth 2014-2019
Table 12 Personal Credit Cards Transactions: % Growth 2014-2019
Table 13 Credit Cards: Number of Cards by Issuer 2014-2018
Table 14 Credit Cards: Number of Cards by Operator 2014-2018
Table 15 Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 16 Credit Cards Payment Transaction Value by Operator 2014-2018
Table 17 Commercial Credit Cards: Number of Cards by Issuer 2014-2018
Table 18 Commercial Credit Cards: Number of Cards by Operator 2014-2018
Table 19 Commercial Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 20 Commercial Credit Cards Payment Transaction Value by Operator 2014-2018
Table 21 Personal Credit Cards: Number of Cards by Issuer 2014-2018
Table 22 Personal Credit Cards: Number of Cards by Operator 2014-2018
Table 23 Personal Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 24 Personal Credit Cards Payment Transaction Value by Operator 2014-2018
Table 25 Forecast Credit Cards: Number of Cards in Circulation 2019-2024
Table 26 Forecast Credit Cards Transactions 2019-2024
Table 27 Forecast Credit Cards in Circulation: % Growth 2019-2024
Table 28 Forecast Credit Cards Transactions: % Growth 2019-2024
Table 29 Forecast Commercial Credit Cards: Number of Cards in Circulation 2019-2024
Table 30 Forecast Commercial Credit Cards Transactions 2019-2024
Table 31 Forecast Commercial Credit Cards in Circulation: % Growth 2019-2024
Table 32 Forecast Commercial Credit Cards Transactions: % Growth 2019-2024
Table 33 Forecast Personal Credit Cards: Number of Cards in Circulation 2019-2024
Table 34 Forecast Personal Credit Cards Transactions 2019-2024
Table 35 Forecast Personal Credit Cards in Circulation: % Growth 2019-2024
Table 36 Forecast Personal Credit Cards Transactions: % Growth 2019-2024

Debit Cards in Peru - Category analysis

Debit Cards in Peru - Company Profile

HEADLINES

PROSPECTS

Debit cards recording strong growth

Visanet “Fast Pay” function offers consumers contactless purchases

Average spend per transaction remains high for debit cards

COMPETITIVE LANDSCAPE

Leader Banco de Crédito del Perú remains active in developing new products like the YAPE mobile payments app

Visanet-Kasnet tie-up adds 7,500 new outlets that accept Visa card payments

Non-bank players increasing their share of cards in circulation

CATEGORY DATA

Table 37 Debit Cards: Number of Cards in Circulation 2014-2019
Table 38 Debit Cards Transactions 2014-2019
Table 39 Debit Cards in Circulation: % Growth 2014-2019
Table 40 Debit Cards Transactions: % Growth 2014-2019
Table 41 Debit Cards: Number of Cards by Issuer 2014-2018
Table 42 Debit Cards: Number of Cards by Operator 2014-2018
Table 43 Debit Cards Payment Transaction Value by Issuer 2014-2018
Table 44 Debit Cards Payment Transaction Value by Operator 2014-2018
Table 45 Forecast Debit Cards: Number of Cards in Circulation 2019-2024
Table 46 Forecast Debit Cards Transactions 2019-2024
Table 47 Forecast Debit Cards in Circulation: % Growth 2019-2024
Table 48 Forecast Debit Cards Transactions: % Growth 2019-2024

Pre-Paid Cards in Peru - Category analysis

Pre-Paid Cards in Peru - Company Profile

HEADLINES

PROSPECTS

Pre-paid cards an ideal solution for the unbanked population

Public transport a major driver of growth in closed loop pre-paid cards

Open loop systems popular for employee benefits cards

COMPETITIVE LANDSCAPE

Visa the clear leader in open loop pre-paid cards

Lima’s Urban Transportation Authority aims to integrate all transport systems into a single mode of payment

Starbucks’ loyalty programme operating via a closed loop pre-paid card

CATEGORY DATA

Table 49 Pre-paid Cards: Number of Cards in Circulation 2014-2019
Table 50 Pre-paid Cards Transactions 2014-2019
Table 51 Pre-paid Cards in Circulation: % Growth 2014-2019
Table 52 Pre-paid Cards Transactions: % Growth 2014-2019
Table 53 Closed Loop Pre-paid Cards Transactions 2014-2019
Table 54 Closed Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 55 Open Loop Pre-paid Cards Transactions 2014-2019
Table 56 Open Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 57 Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 58 Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 59 Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 60 Pre-paid Cards Transaction Value by Operator 2014-2018
Table 61 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 62 Closed Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 63 Closed Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 64 Closed Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 65 Open Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 66 Open Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 67 Open Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 68 Open Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 69 Forecast Pre-paid Cards: Number of Cards in Circulation 2019-2024
Table 70 Forecast Pre-paid Cards Transactions 2019-2024
Table 71 Forecast Pre-paid Cards in Circulation: % Growth 2019-2024
Table 72 Forecast Pre-paid Cards Transactions: % Growth 2019-2024
Table 73 Forecast Closed Loop Pre-paid Cards Transactions 2019-2024
Table 74 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
Table 75 Forecast Open Loop Pre-paid Cards Transactions 2019-2024
Table 76 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2019-2024

Store Cards in Peru - Category analysis

Store Cards in Peru - Company Profile

HEADLINES

PROSPECTS

Falabella and Ripley expanding beyond the boundaries of store cards

Store cards use a wide range of benefits to appeal to consumers

Peruvians look for discounts and special offers with their store cards

COMPETITIVE LANDSCAPE

Retailers increasingly giving their store cards the functionalities of credit cards

Banco Falabella Perú continues increasing its lead in store cards

Makro teams up with Crediscotia Financiera for its Tarjeta Única Makro store card

CATEGORY DATA

Table 77 Store Cards: Number of Cards in Circulation 2014-2019
Table 78 Store Cards Transactions 2014-2019
Table 79 Store Cards in Circulation: % Growth 2014-2019
Table 80 Store Cards Transactions: % Growth 2014-2019
Table 81 Store Cards: Number of Cards by Issuer 2014-2018
Table 82 Store Cards: Payment Transaction Value by Issuer 2014-2018
Table 83 Forecast Store Cards: Number of Cards in Circulation 2019-2024
Table 84 Forecast Store Cards Transactions 2019-2024
Table 85 Forecast Store Cards in Circulation: % Growth 2019-2024
Table 86 Forecast Store Cards Transactions: % Growth 2019-2024

Financial Cards and Payments in Peru - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments continues growing in 2019

Banks offering new products to previously underserved segments in the digital age

Cash still preferred for smaller transactions

Could increasing interoperability threaten Visa’s position as the dominant operator?

Continued growth expected for financial cards and payments

MARKET INDICATORS

Table 87 Number of POS Terminals: Units 2014-2019
Table 88 Number of ATMs: Units 2014-2019
Table 89 Value Lost to Fraud 2014-2019
Table 90 Card Expenditure by Location 2019
Table 91 Financial Cards in Circulation by Type: % Number of Cards 2014-2019
Table 92 Domestic versus Foreign Spend 2019

MARKET DATA

Table 93 Financial Cards by Category: Number of Cards in Circulation 2014-2019
Table 94 Financial Cards by Category: Number of Accounts 2014-2019
Table 95 Financial Cards Transactions by Category: Value 2014-2019
Table 96 Financial Cards by Category: Number of Transactions 2014-2019
Table 97 Consumer Payments by Category: Value 2014-2019
Table 98 Consumer Payments by Category: Number of Transactions 2014-2019
Table 99 M-Commerce by Category: Value 2014-2019
Table 100 M-Commerce by Category: % Value Growth 2014-2019
Table 101 Financial Cards: Number of Cards by Issuer 2014-2018
Table 102 Financial Cards: Number of Cards by Operator 2014-2018
Table 103 Financial Cards: Card Payment Transactions Value by Operator 2014-2018
Table 104 Financial Cards: Card Payment Transactions Value by Issuer 2014-2018
Table 105 Forecast Financial Cards by Category: Number of Cards in Circulation 2019-2024
Table 106 Forecast Financial Cards by Category: Number of Accounts 2019-2024
Table 107 Forecast Financial Cards Transactions by Category: Value 2019-2024
Table 108 Forecast Financial Cards by Category: Number of Transactions 2019-2024
Table 109 Forecast Consumer Payments by Category: Value 2019-2024
Table 110 Forecast Consumer Payments by Category: Number of Transactions 2019-2024
Table 111 Forecast M-Commerce by Category: Value 2019-2024
Table 112 Forecast M-Commerce by Category: % Value Growth 2019-2024

Megatrends

Country Report

Debit Cards in Peru

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Debit cards recording strong growth

Visanet “Fast Pay” function offers consumers contactless purchases

Average spend per transaction remains high for debit cards

COMPETITIVE LANDSCAPE

Leader Banco de Crédito del Perú remains active in developing new products like the YAPE mobile payments app

Visanet-Kasnet tie-up adds 7,500 new outlets that accept Visa card payments

Non-bank players increasing their share of cards in circulation

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

PROSPECTS

Credit Cards in Peru - Category analysis

Credit Cards in Peru - Company Profile

HEADLINES

PROSPECTS

Cash still generally used for smaller transactions, with credit cards associated with higher-value purchases

Number of cards in circulation continues recovery from the slowdown in growth seen in 2017

Growing presence of retailers’ former financial companies

COMPETITIVE LANDSCAPE

Visa still the dominant operator, despite Mastercard’s gains

Intercorp’s Tarjeta Oh! credit card recording strong growth

Leading credit card issuers are department stores’ financial companies like Banco Falabella or Banco Ripley

CATEGORY DATA

Debit Cards in Peru - Category analysis

Debit Cards in Peru - Company Profile

HEADLINES

PROSPECTS

Debit cards recording strong growth

Visanet “Fast Pay” function offers consumers contactless purchases

Average spend per transaction remains high for debit cards

COMPETITIVE LANDSCAPE

Leader Banco de Crédito del Perú remains active in developing new products like the YAPE mobile payments app

Visanet-Kasnet tie-up adds 7,500 new outlets that accept Visa card payments

Non-bank players increasing their share of cards in circulation

CATEGORY DATA

Pre-Paid Cards in Peru - Category analysis

Pre-Paid Cards in Peru - Company Profile

HEADLINES

PROSPECTS

Pre-paid cards an ideal solution for the unbanked population

Public transport a major driver of growth in closed loop pre-paid cards

Open loop systems popular for employee benefits cards

COMPETITIVE LANDSCAPE

Visa the clear leader in open loop pre-paid cards

Lima’s Urban Transportation Authority aims to integrate all transport systems into a single mode of payment

Starbucks’ loyalty programme operating via a closed loop pre-paid card

CATEGORY DATA

Store Cards in Peru - Category analysis

Store Cards in Peru - Company Profile

HEADLINES

PROSPECTS

Falabella and Ripley expanding beyond the boundaries of store cards

Store cards use a wide range of benefits to appeal to consumers

Peruvians look for discounts and special offers with their store cards

COMPETITIVE LANDSCAPE

Retailers increasingly giving their store cards the functionalities of credit cards

Banco Falabella Perú continues increasing its lead in store cards

Makro teams up with Crediscotia Financiera for its Tarjeta Única Makro store card

CATEGORY DATA

Financial Cards and Payments in Peru - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments continues growing in 2019

Banks offering new products to previously underserved segments in the digital age

Cash still preferred for smaller transactions

Could increasing interoperability threaten Visa’s position as the dominant operator?

Continued growth expected for financial cards and payments