The Republic of Peru is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean. Link to external site : Website for Peru |  |
| Wallets | |
| Development | Secondary Emerging |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
107,297.48 Register/Log In |
| HDI classification | High |
| Mobile Connections (m) |
25.778 Upgrade to Bronze |
| Currency | PEN |
| Class | |
| CountryISO | PE |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["Movistar (Telef\u00f3nica)",13333333],["Claro (America Movil)",11000000],["Nextel (NII)",1444444]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",1340787],["Q4 2001",1774517],["Q4 2002",2294000],["Q4 2003",2919000],["Q4 2004",4092000],["Q4 2005",5582300],["Q4 2006",8772600],["Q4 2007",13999200],["Q4 2008",18459400],["Q4 2009",20609800],["Q4 2010",21505264],["Q4 2011",22644686],["Q4 2012",23600025],["Q4 2013",24407809],["Q4 2014",25085991]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Location",1],["Mobile",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Banks",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",1],["BP",1],["DMT",1],["MM",1],["MP",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BBAccount",1],["Cash",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system Upgrade to Bronze |
| Law is based on |
Based on civil law system; accepts compulsory ICJ jurisdiction with reservations Upgrade to Bronze |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Jointly Led Upgrade to Bronze |
| DominantModel |
Bank Led Upgrade to Bronze |
| E-Money | |
| Payment | |
| Agent |
Peruvian banks have been establishing networks of banking agents, or “cajeros corresponsales” since December 2005.With over 2,400 agents, Peru ranks fourth worldwide after Brazil, the Philippines and South Africa. Banco de Crédito del Peru (BCP) is the bank which is experimenting most aggressively with using agents to establish a presence away from its existing retail network. Upgrade to Bronze |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",71.85],["Banked",26],["Internet",27],["Urban",71],["Adult",69],["Literate",89.59081302]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 27.90 |
| Adult % | 69.00 |
| Migrants % |
0.13 Register/Log In |
| Stock Immigrants ('000) |
37.60 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
6,300.00 Upgrade to Bronze |
| Internal Migration Rate % |
22.40 Upgrade to Bronze |
| Intl Movement Rate % | |
| Urban % | 71.00 |
| Female % | 52.40 |
| Literate % | 89.59 |
| Annual Growth % |
-1.00 Upgrade to Bronze |
| Mobile Penetration % | 71.85 |
| Banked % | 26.00 |
| Access to FS % | 26.00 |
| Internet % | 27.00 |
| Branches per 100k adults | 14.28 |
| ATMs per 100k adults | 17.67 |
| POS per 100k adults | 39.81 |
| Prepaid % | 86.60 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 14.83 |
| Monthly ARPU | |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Prime Candidate Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |
Telefónica del Peru amost monopoly fixed line services, mobile, broadband (Jan 2010); Movistar Trivnet Upgrade to Bronze |