Financial Cards and Payments in Peru - Industry Overview
Financial cards and payments in 2022: The big picture
“Bancarization” will continue to improve, albeit limited by high informality and low growth in the Peruvian economy
What next for financial cards and payments?
Table 1 Number of POS Terminals: Units 2017-2022
Table 2 Number of ATMs: Units 2017-2022
Table 3 Value Lost to Fraud 2017-2022
Table 4 Card Expenditure by Location 2022
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2017-2022
Table 6 Domestic versus Foreign Spend 2022
Table 7 Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 8 Financial Cards by Category: Number of Accounts 2017-2022
Table 9 Financial Cards Transactions by Category: Value 2017-2022
Table 10 Financial Cards by Category: Number of Transactions 2017-2022
Table 11 Commerical Payments by Category: Value 2017-2022
Table 12 Commercial Payments by Category: Number of Transactions 2017-2022
Table 13 Personal Payments by Category: Value 2017-2022
Table 14 Personal Payments by Category: Number of Transactions 2017-2022
Table 15 M-Commerce by Category: Value 2017-2022
Table 16 M-Commerce by Category: % Value Growth 2017-2022
Table 17 Financial Cards: Number of Cards by Issuer 2017-2021
Table 18 Financial Cards: Number of Cards by Operator 2017-2021
Table 19 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 20 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 21 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 22 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 23 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 24 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 25 Forecast Commercial Payments by Category: Value 2022-2027
Table 26 Forecast Commercial Payments by Category: Number of Transactions 2022-2027
Table 27 Forecast Personal Payments by Category: Value 2022-2027
Table 28 Forecast Personal Payments by Category: Number of Transactions 2022-2027
Table 29 Forecast M-Commerce by Category: Value 2022-2027
Table 30 Forecast M-Commerce by Category: % Value Growth 2022-2027
Summary 1 Research Sources
Charge Cards in Peru - Category analysis
Credit Cards in Peru - Category analysis
Credit card use has been recovering significantly since mid-2021
Financial entities show high dynamism in placement of credit cards
Lack of payment in credit cards has decreased significantly, recovering pre-pandemic levels
Credit card use is expected to continue to grow in forecast period
Trend to use means of payment other than cash favours the use of credit cards
Authorisation could be approved for municipal savings institutions to issue credit cards, increasing competition
Table 31 Credit Cards: Number of Cards in Circulation 2017-2022
Table 32 Credit Cards Transactions 2017-2022
Table 33 Credit Cards in Circulation: % Growth 2017-2022
Table 34 Credit Cards Transactions: % Growth 2017-2022
Table 35 Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 36 Commercial Credit Cards Transactions 2017-2022
Table 37 Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 38 Commercial Credit Cards Transactions: % Growth 2017-2022
Table 39 Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 40 Personal Credit Cards Transactions 2017-2022
Table 41 Personal Credit Cards in Circulation: % Growth 2017-2022
Table 42 Personal Credit Cards Transactions: % Growth 2017-2022
Table 43 Credit Cards: Number of Cards by Issuer 2017-2021
Table 44 Credit Cards: Number of Cards by Operator 2017-2021
Table 45 Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 46 Credit Cards Payment Transaction Value by Operator 2017-2021
Table 47 Commercial Credit Cards: Number of Cards by Issuer 2017-2021
Table 48 Commercial Credit Cards: Number of Cards by Operator 2017-2021
Table 49 Commercial Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 50 Commercial Credit Cards Payment Transaction Value by Operator 2017-2021
Table 51 Personal Credit Cards: Number of Cards by Issuer 2017-2021
Table 52 Personal Credit Cards: Number of Cards by Operator 2017-2021
Table 53 Personal Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 54 Personal Credit Cards Payment Transaction Value by Operator 2017-2021
Table 55 Forecast Credit Cards: Number of Cards in Circulation 2022-2027
Table 56 Forecast Credit Cards Transactions 2022-2027
Table 57 Forecast Credit Cards in Circulation: % Growth 2022-2027
Table 58 Forecast Credit Cards Transactions: % Growth 2022-2027
Table 59 Forecast Commercial Credit Cards: Number of Cards in Circulation 2022-2027
Table 60 Forecast Commercial Credit Cards Transactions 2022-2027
Table 61 Forecast Commercial Credit Cards in Circulation: % Growth 2022-2027
Table 62 Forecast Commercial Credit Cards Transactions: % Growth 2022-2027
Table 63 Forecast Personal Credit Cards: Number of Cards in Circulation 2022-2027
Table 64 Forecast Personal Credit Cards Transactions 2022-2027
Table 65 Forecast Personal Credit Cards in Circulation: % Growth 2022-2027
Table 66 Forecast Personal Credit Cards Transactions: % Growth 2022-2027
Debit Cards in Peru - Category analysis
Debit card usage continues to grow significantly in 2022
Learning and assessment of benefits encourage their use, together with greater penetration in stores
High dynamism in financial sector has incorporated more actors in the use of debit cards
Use of debit cards will continue to grow in coming years, but at a slower pace
Significant dynamism is expected from the financial sector, boosting the use of debit cards
Higher bank usage will contribute to growth in debit cards – dependant on a better economy and reduction in informality
Table 67 Debit Cards: Number of Cards in Circulation 2017-2022
Table 68 Debit Cards Transactions 2017-2022
Table 69 Debit Cards in Circulation: % Growth 2017-2022
Table 70 Debit Cards Transactions: % Growth 2017-2022
Table 71 Debit Cards: Number of Cards by Issuer 2017-2021
Table 72 Debit Cards: Number of Cards by Operator 2017-2021
Table 73 Debit Cards Payment Transaction Value by Issuer 2017-2021
Table 74 Debit Cards Payment Transaction Value by Operator 2017-2021
Table 75 Forecast Debit Cards: Number of Cards in Circulation 2022-2027
Table 76 Forecast Debit Cards Transactions 2022-2027
Table 77 Forecast Debit Cards in Circulation: % Growth 2022-2027
Table 78 Forecast Debit Cards Transactions: % Growth 2022-2027
Pre-Paid Cards in Peru - Category analysis
Use of pre-paid cards is recovering, with open loop being the most dynamic
Pre-paid cards for end users are increasing in activity, although they still have a low presence
High dynamism in purchases by apps contribute significantly to use of open loop pre-paid cards
Growth in pre-paid cards is expected to continue over the forecast period, thanks to greater dynamism in economic activities
Pre-paid cards allow the unbanked population to become better financially educated and be encouraged to use other means of payment in addition to cash
Significant competition is expected in open loop cards, with a greater presence of their digital versions
Table 79 Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 80 Pre-paid Cards Transactions 2017-2022
Table 81 Pre-paid Cards in Circulation: % Growth 2017-2022
Table 82 Pre-paid Cards Transactions: % Growth 2017-2022
Table 83 Closed Loop Pre-paid Cards Transactions 2017-2022
Table 84 Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 85 Open Loop Pre-paid Cards Transactions 2017-2022
Table 86 Open Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 87 Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 88 Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 89 Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 90 Pre-paid Cards Transaction Value by Operator 2017-2021
Table 91 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 92 Closed Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 93 Closed Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 94 Closed Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 95 Open Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 96 Open Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 97 Open Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 98 Open Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 99 Forecast Pre-paid Cards: Number of Cards in Circulation 2022-2027
Table 100 Forecast Pre-paid Cards Transactions 2022-2027
Table 101 Forecast Pre-paid Cards in Circulation: % Growth 2022-2027
Table 102 Forecast Pre-paid Cards Transactions: % Growth 2022-2027
Table 103 Forecast Closed Loop Pre-paid Cards Transactions 2022-2027
Table 104 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2022-2027
Table 105 Forecast Open Loop Pre-paid Cards Transactions 2022-2027
Table 106 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2022-2027
Store Cards in Peru - Category analysis
Store cards continue to decline significantly, as demand migrates to credit cards
Stores are focusing efforts on selling products by promoting the credit cards they issue with their brand
Stores give their websites a marketplace approach, intensely promoting cards under their brands
Use of store cards will continue to decline significantly in forecast period
Stores will continue to help incorporate unbanked customers into the financial sector
Stores will continue to develop online purchases, thanks to the strengthening of their marketplace offerings
Table 107 Store Cards: Number of Cards in Circulation 2017-2022
Table 108 Store Cards Transactions 2017-2022
Table 109 Store Cards in Circulation: % Growth 2017-2022
Table 110 Store Cards Transactions: % Growth 2017-2022
Table 111 Store Cards: Number of Cards by Issuer 2017-2021
Table 112 Store Cards: Payment Transaction Value by Issuer 2017-2021
Table 113 Forecast Store Cards: Number of Cards in Circulation 2022-2027
Table 114 Forecast Store Cards Transactions 2022-2027
Table 115 Forecast Store Cards in Circulation: % Growth 2022-2027
Table 116 Forecast Store Cards Transactions: % Growth 2022-2027