Most used payment methods in Peru to boost your business

Knowing the most used payment methods in Peru is essential to grow in the local market. From cards and transfers to digital wallets, offering the right options improves conversion and customer experience. Integrating them is not always simple. 

Rebill helps companies that collect payments in Latin America to centralize payment methods, improve reconciliation, and reduce operational friction. If you are evaluating Peru as a market, we can help you prioritize which methods to offer and what integrating them would entail.

In this article, you will discover how to choose the right payment methods for your business and what you should prioritize if you are evaluating sales and collections in Peru.

What are the best payment methods available in Peru?

Globally, payment methods have evolved rapidly in recent years, driven by technology, digitization and the massive use of mobile devices. From physical cards and transfers, to digital wallets, QR payments and cryptocurrencies, consumers expect fast, secure and convenient options, regardless of whether they shop in-store or on their cell phones.

In Latin America, and especially in Peru, this transformation has also taken hold. One of the key advances has been interoperability: today it is possible to make payments between platforms such as Yape and Plin, without belonging to the same bank, but with an associated account. This has boosted financial inclusion and access to more efficient means of payment collection.

On-site

Point of sale terminals (POS)

In 2024, card transactions grew 28 % in volume and 10.8 % in value, with an 81 % increase in online debit volume and 37 % in value.

The average ticket was S/. 73 (debit) and S/. 197 (credit), reflecting the growing adoption of low value payments.

Interchange fees decreased in debit and credit cards (interchange from 1.57% to 1.52%; reduced acquirer/facilitator discounts). This according to the Central Reserve Bank of Peru (BCRP) report.

In 2026, the use of POS terminals will continue to increase. These devices enable card payments to be processed quickly and securely. In addition, 45% of retailers have incorporated QR codes as a complement to traditional POS terminals, facilitating contactless options.

Card payments (debit/credit)

• Debit cards: are the most widely used method for online purchases in Peru, representing about 40% of the total, according to Statista. They also have a strong presence in face-to-face payments.
• Credit cards: they represent more than 25% of online transactions, with Visa, Mastercard and American Express as the most used brands.

QR code payments

Driven by the growth of contactless solutions and financial inclusion policies, this method has established itself as a practical, fast and secure option. It is common to find QR stickers at fairs, cabs and small businesses.

Cash payments

Despite digital growth, cash still dominates. According to the Central Reserve Bank of Peru, approximately 90% of transactions for purchases and services are still made in cash, especially in rural areas or where digital access is limited.

Online

Online payment methods in Peru have evolved rapidly, incorporating more and more practical, secure and accessible options. From wire transfers to digital wallets. 

Bank transfers

According to the Central Reserve Bank of Peru (BCRP), in the first half of 2024 intrabank and CCE (traditional interbank) transfers increased significantly. However, these pure A2A transfers -i.e., between bank accounts without intermediation of digital wallets- represent less than 15% of total digital payments. These tend to be used mainly for B2B payments, services or large amounts.

On the other hand, transfers made through digital wallets (e-wallets), which are also movements between accounts but mediated by digital platforms such as Yape or Plin, account for 67.6% of low-value payments in Peru. This reflects a strong preference for solutions that are more agile, practical and adapted to mobile use for everyday payments.

Digital wallets (e-wallets)

Digital wallets account for approximately 69% of low-value payments in Peru:

• Yape: the most widely used wallet in the country. In 2026, it has 14 million active users, reaching 69% of the economically active population. It is common in all types of businesses, from large chains to local markets.
  
• Plin: widely used, with 4 million users. Its key advantage is its integration with banks such as BCP, Interbank, and BBVA, making it a fast solution for transfers and payments between individuals.
  
• PagoEfectivo: an ideal payment method for those who do not have a card. It allows you to pay in cash using codes that can be paid at authorized agents or banks.
  
• Apple Pay, Google Pay and PayPal: on the rise. More and more merchants are adopting these options to offer a contactless, seamless and modern payment experience.

Cryptocurrencies

Although still in their infancy, cryptocurrency payments are gaining ground in Peru. By 2026, more businesses—from online stores to startups—will accept crypto payments, either directly or through platforms such as Lemon or Tulkit Pay.

The most widely used are Bitcoin (BTC) and stablecoins such as USDT and USDC, thanks to their integration with apps that allow payment with QR or crypto cards, even with benefits such as cashback.

Ethereum (ETH) and Solana (SOL) are also available, although with lower adoption. Despite this growth, 69% of low-value payments still occur in digital wallets such as Yape or Plin, according to BCRP.

Although still emerging, cryptocurrency payments are gaining ground in Peru's digital ecosystem. By 2026, more and more businesses—from online stores to small startups—have begun accepting cryptocurrencies as a form of payment, either directly or through integration platforms.

Why payment methods matter for your business in Peru

Offering the right payment methods is not just a technical issue: it directly impacts your conversions. 

In Peru, more than 65% of low-value payments are already made with digital wallets such as Yape or Plin. If your business does not accept them, you could be leaving sales on the table.

In addition, interoperability between payment platforms allows for faster and less frictionless charging, regardless of whether the customer uses a banking app, a wallet or even cryptocurrencies.

If you are exploring the Peruvian market, it is important to understand the payment gateway landscape in Peru and how they combine with wallets and transfers. At Rebill, we can help you evaluate the best payment strategy and what it would take to implement it. 

Tips for selecting payment method types according to your customer and business

With so many different payment methods, the important thing is to choose the ones that really fit your type of business and your customer profile. Here are some ideas to help you decide:

•  Know your customers: Do they use more cash, cards or wallets like Yape or Plin? If you sell to young people or through social networks, digital wallets are key without using customers' personal data. If you are in areas with poor connectivity, cash is still necessary.
• Think about your business model: Operating in EdTech, HealthTech or SaaS is not the same as operating in traditional retail. These sectors require payment methods such as cards, transfers and digital wallets for subscriptions and international payments. Making the right choice improves the customer experience and facilitates growth.
• Evaluate the checkout experience: Make checkout easy and fast. A complicated process can lose you sales. Use solutions that reduce steps and adapt to the channel: physical, digital or both.
• Look at ease of use and fees: Choose international payment gateways that you can easily manage and that do not affect your profitability by high commissions or delays in money delivery.

Boost your business with Rebill

Rebill is the most comprehensive and reliable payment infrastructure in Latin America. Designed for global companies expanding in the region, it offers a comprehensive and modern solution to facilitate frictionless transactions. If Peru is on your roadmap this year, we can help you evaluate opportunities and requirements right now.

With Rebill, your company can:

• Plan a collection strategy for Peru (currency, methods, reconciliation, and settlement) aligned with your regional operation.
  
• Access the most popular payment methods in the country, improving the customer experience and increasing conversion rates.
  
• Integrate the payment system in less than an hour, with a streamlined process and no technical complications.
  
• Offer flexible recurring payments, ideal for subscription or membership models.
  
• Automatic compliance, reducing risks and ensuring local regulatory compliance.

With so many options available, the most important thing is to choose the payment methods that your customers actually use. You don't need to offer them all, but you do need to offer the ones that allow you to sell more and get paid faster. This is where a regional payment infrastructure and a well-designed checkout process can make all the difference. At Rebill, we can help you evaluate and put together a plan.

We help you integrate the main payment methods - cards, transfers, digital wallets, QR, and even cryptocurrencies - from a single platform, without complicating your business. This way, your business adapts to the pace of your customers and grows with them.

Transform your customers' shopping experience by offering flexible and secure payment methods. Improve your payment management and expand your business in Peru, contact us to get started!