Financial Cards and Payments in Peru

Name: Financial Cards and Payments in Peru
Brand: Euromonitor International
Price: 2125 EUR

January 2025

EUR 2,125

Request More Information

Delivery:

Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).

This report comes in PDF.

Overview:

Understand the latest market trends and future growth opportunities for the Financial Cards and Payments industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

If you're in the Financial Cards and Payments industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Financial Cards and Payments in Peru report includes:

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

This report answers:

What is the market size of Financial Cards and Payments in Peru?
What are the major trends key to understanding Financial Cards and Payments in Peru?
How has COVID-19, recession and macroeconomic volatility impacted the market?
How long will the market take to recover? What are the opportunities now?
How will political context and shifting cultural values shape future growth?
Where is future growth expected to be most dynamic?

Financial Cards and Payments in Peru - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments in 2024: The big picture

2024 key trends

Credit card late payment has increased due to economic difficulties experienced in the 2023 recession and high interest rates

Competitive landscape

What next for financial cards and payments?

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2019-2024

Table 2 Number of ATMs: Units 2019-2024

Table 3 Value Lost to Fraud 2019-2024

Table 4 Card Expenditure by Location 2024

Table 5 Financial Cards in Circulation by Type: % Number of Cards 2019-2024

Table 6 Domestic versus Foreign Spend 2024

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2019-2024

Table 8 Financial Cards by Category: Number of Accounts 2019-2024

Table 9 Financial Cards Transactions by Category: Value 2019-2024

Table 10 Financial Cards by Category: Number of Transactions 2019-2024

Table 11 Consumer Payments by Category: Value 2019-2024

Table 12 Consumer Payments by Category: Number of Transactions 2019-2024

Table 13 M-Commerce by Category: Value 2019-2024

Table 14 M-Commerce by Category: % Value Growth 2019-2024

Table 15 Financial Cards: Number of Cards by Issuer 2019-2023

Table 16 Financial Cards: Number of Cards by Operator 2019-2023

Table 17 Financial Cards: Card Payment Transactions Value by Operator 2019-2023

Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2019-2023

Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2024-2029

Table 20 Forecast Financial Cards by Category: Number of Accounts 2024-2029

Table 21 Forecast Financial Cards Transactions by Category: Value 2024-2029

Table 22 Forecast Financial Cards by Category: Number of Transactions 2024-2029

Table 23 Forecast Consumer Payments by Category: Value 2024-2029

Table 24 Forecast Consumer Payments by Category: Number of Transactions 2024-2029

Table 25 Forecast M-Commerce by Category: Value 2024-2029

Table 26 Forecast M-Commerce by Category: % Value Growth 2024-2029

DISCLAIMER

SOURCES

Summary 1 Research Sources

Credit Cards in Peru - Category analysis

KEY DATA FINDINGS

2024 DEVELOPMENTS

Credit cards face ongoing competition from other payment methods, with high interest rates also remaining a deterrent

Rate of credit card default continues to increase, reducing struggling consumers’ access to new lines of credit and personal loans

High competition continues among financial institutions, with a focus on promoting the greater use of credit cards and exclusive banking

PROSPECTS AND OPPORTUNITIES

Credit card usage will remain positive, thanks to an improving economy and possible decrease in interest rates

Incorporation of Municipal Savings Banks into the credit card market stimulates competition

Fintechs and electronic wallets contribute to developments in credit cards

CATEGORY DATA

Table 27 Credit Cards: Number of Cards in Circulation 2019-2024

Table 28 Credit Cards Transactions 2019-2024

Table 29 Credit Cards in Circulation: % Growth 2019-2024

Table 30 Credit Cards Transactions: % Growth 2019-2024

Table 31 Commercial Credit Cards: Number of Cards in Circulation 2019-2024

Table 32 Commercial Credit Cards Transactions 2019-2024

Table 33 Commercial Credit Cards in Circulation: % Growth 2019-2024

Table 34 Commercial Credit Cards Transactions: % Growth 2019-2024

Table 35 Personal Credit Cards: Number of Cards in Circulation 2019-2024

Table 36 Personal Credit Cards Transactions 2019-2024

Table 37 Personal Credit Cards in Circulation: % Growth 2019-2024

Table 38 Personal Credit Cards Transactions: % Growth 2019-2024

Table 39 Credit Cards: Number of Cards by Issuer 2019-2023

Table 40 Credit Cards: Number of Cards by Operator 2019-2023

Table 41 Credit Cards Payment Transaction Value by Issuer 2019-2023

Table 42 Credit Cards Payment Transaction Value by Operator 2019-2023

Table 43 Commercial Credit Cards: Number of Cards by Issuer 2019-2023

Table 44 Commercial Credit Cards: Number of Cards by Operator 2019-2023

Table 45 Commercial Credit Cards Payment Transaction Value by Issuer 2019-2023

Table 46 Commercial Credit Cards Payment Transaction Value by Operator 2019-2023

Table 47 Personal Credit Cards: Number of Cards by Issuer 2019-2023

Table 48 Personal Credit Cards: Number of Cards by Operator 2019-2023

Table 49 Personal Credit Cards Payment Transaction Value by Issuer 2019-2023

Table 50 Personal Credit Cards Payment Transaction Value by Operator 2019-2023

Table 51 Forecast Credit Cards: Number of Cards in Circulation 2024-2029

Table 52 Forecast Credit Cards Transactions 2024-2029

Table 53 Forecast Credit Cards in Circulation: % Growth 2024-2029

Table 54 Forecast Credit Cards Transactions: % Growth 2024-2029

Table 55 Forecast Commercial Credit Cards: Number of Cards in Circulation 2024-2029

Table 56 Forecast Commercial Credit Cards Transactions 2024-2029

Table 57 Forecast Commercial Credit Cards in Circulation: % Growth 2024-2029

Table 58 Forecast Commercial Credit Cards Transactions: % Growth 2024-2029

Table 59 Forecast Personal Credit Cards: Number of Cards in Circulation 2024-2029

Table 60 Forecast Personal Credit Cards Transactions 2024-2029

Table 61 Forecast Personal Credit Cards in Circulation: % Growth 2024-2029

Table 62 Forecast Personal Credit Cards Transactions: % Growth 2024-2029

Debit Cards in Peru - Category analysis

KEY DATA FINDINGS

2024 DEVELOPMENTS

Debit card usage continues to grow, thanks to improving economy and greater acceptance by users and businesses

Rapid implementation of NFC and TTP technology is helping to boost the use of debit cards in payment processes

Financial institutions continue to show dynamism regarding debit cards, promoting access to their virtual platforms

PROSPECTS AND OPPORTUNITIES

Debit card usage will continue to grow, while digital wallets also rise in popularity

Developments in technology will continue and expand with more points of sale

Ongoing efforts made to combat fraud and provide greater security in the use of debit cards

CATEGORY DATA

Table 63 Debit Cards: Number of Cards in Circulation 2019-2024

Table 64 Debit Cards Transactions 2019-2024

Table 65 Debit Cards in Circulation: % Growth 2019-2024

Table 66 Debit Cards Transactions: % Growth 2019-2024

Table 67 Debit Cards: Number of Cards by Issuer 2019-2023

Table 68 Debit Cards: Number of Cards by Operator 2019-2023

Table 69 Debit Cards Payment Transaction Value by Issuer 2019-2023

Table 70 Debit Cards Payment Transaction Value by Operator 2019-2023

Table 71 Forecast Debit Cards: Number of Cards in Circulation 2024-2029

Table 72 Forecast Debit Cards Transactions 2024-2029

Table 73 Forecast Debit Cards in Circulation: % Growth 2024-2029

Table 74 Forecast Debit Cards Transactions: % Growth 2024-2029

Pre-Paid Cards in Peru - Category analysis

KEY DATA FINDINGS

2024 DEVELOPMENTS

Pre-paid cards maintain healthy growth, thanks to increased demand from users who value their benefits

Closed loop pre-paid cards benefit from public transport cards and a greater number of recharge points

Open loop pre-paid cards benefit from a widening range of uses and ease of access to unbanked consumers

PROSPECTS AND OPPORTUNITIES

Pre-paid cards will maintain growth, thanks to ongoing demand

Launch of a new single pre-paid card for urban transport services will further support usage of closed loop cards

Use of gift cards could contribute to the growth of closed loop pre-paid cards, thanks to the launch of Dollarcity gift cards in its expansion strategy in Peru

CATEGORY DATA

Table 75 Pre-paid Cards: Number of Cards in Circulation 2019-2024

Table 76 Pre-paid Cards Transactions 2019-2024

Table 77 Pre-paid Cards in Circulation: % Growth 2019-2024

Table 78 Pre-paid Cards Transactions: % Growth 2019-2024

Table 79 Closed Loop Pre-paid Cards Transactions 2019-2024

Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024

Table 81 Open Loop Pre-paid Cards Transactions 2019-2024

Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2019-2024

Table 83 Pre-paid Cards: Number of Cards by Issuer 2019-2023

Table 84 Pre-paid Cards: Number of Cards by Operator 2019-2023

Table 85 Pre-paid Cards Transaction Value by Issuer 2019-2023

Table 86 Pre-paid Cards Transaction Value by Operator 2019-2023

Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023

Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2019-2023

Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2019-2023

Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2019-2023

Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023

Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2019-2023

Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2019-2023

Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2019-2023

Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2024-2029

Table 96 Forecast Pre-paid Cards Transactions 2024-2029

Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2024-2029

Table 98 Forecast Pre-paid Cards Transactions: % Growth 2024-2029

Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2024-2029

Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2024-2029

Table 101 Forecast Open Loop Pre-paid Cards Transactions 2024-2029

Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2024-2029

Store Cards in Peru - Category analysis

KEY DATA FINDINGS

2024 DEVELOPMENTS

Traditional store cards being phased out, as they are transformed into Visa or Mastercard credit cards

Stores focus their strategy on commercial efforts, while promoting credit cards under their brand

Store credit cards play an important role in online sales, which are widely promoted and highlight advantages

PROSPECTS AND OPPORTUNITIES

Store cards will become extinct in favour of the new credit card versions

Store-branded credit cards will continue to have a significant presence in online sales of these stores

Store-branded credit cards will continue to have higher interest rates than bank credit cards, but with other benefits in stores

CATEGORY DATA

Table 103 Store Cards: Number of Cards in Circulation 2019-2024

Table 104 Store Cards Transactions 2019-2024

Table 105 Store Cards in Circulation: % Growth 2019-2024

Table 106 Store Cards Transactions: % Growth 2019-2024

Table 107 Store Cards: Number of Cards by Issuer 2019-2023

Table 108 Store Cards: Payment Transaction Value by Issuer 2019-2023

Table 109 Forecast Store Cards: Number of Cards in Circulation 2024-2029

Table 110 Forecast Store Cards Transactions 2024-2029

Table 111 Forecast Store Cards in Circulation: % Growth 2024-2029

Table 112 Forecast Store Cards Transactions: % Growth 2024-2029

Download table of contents

The following categories and subcategories are included:

Financial Cards and Payments

- ATM Cards
- - Commercial Charge Cards
  - Personal Charge Cards
- - Commercial Credit Cards
  - Personal Credit Cards
- - Commercial Debit Cards
  - Personal Debit Cards
- - Closed Loop Pre-Paid Cards
  - Open Loop Pre-Paid Cards
- Store Cards
- - ATM Transactions
  - - - Commercial Charge Card Transactions
      - Personal Charge Card Transactions
    - - Commercial Credit Card Transactions
      - Average Personal Credit Card Balance
        
        Average Personal Credit Card Limit
        
        Personal Credit Card Utilisation
    - - Commercial Debit Card Transactions
      - Personal Debit Card Transactions
    - - Closed Loop Pre-Paid Card Transactions
      - Open Loop Pre-Paid Card Transactions
    - Store Card Transactions
- - Commercial Card Payment Transactions
  - Commercial Electronic Direct/ACH Transactions
  - Commercial Paper Payment Transactions
- - Personal Card Payment Transactions
  - Personal Electronic Direct/ACH Transactions
  - Personal Paper Payment Transactions
- - - Commercial Electronic Direct/ACH Transactions
    - Personal Electronic Direct/ACH Transactions
  - - - Commercial Cash Transactions
      - Commercial Other Paper Transactions
    - - Personal Cash Transactions
      - Personal Other Paper Transactions
- - Mobile Proximity Payments
  - Mobile Remote Payments

Download Sample PDF Report

Financial Cards and Payments

Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.

See all of our definitions

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

This report originates from Passport, our Financial Cards and Payments research and analysis database.

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 extraction Free!

Buy our reports

Why buy our reports?

Trump Policies

Our mission

Financial Cards and Payments in Peru

Financial cards and payments in 2024: The big picture

2024 key trends

Credit card late payment has increased due to economic difficulties experienced in the 2023 recession and high interest rates

Competitive landscape

What next for financial cards and payments?

Overview:

The Financial Cards and Payments in Peru report includes:

This report answers:

Financial Cards and Payments in Peru - Industry Overview

Financial cards and payments in 2024: The big picture

2024 key trends

Credit card late payment has increased due to economic difficulties experienced in the 2023 recession and high interest rates

Competitive landscape

What next for financial cards and payments?

DISCLAIMER

Credit Cards in Peru - Category analysis

KEY DATA FINDINGS

Credit cards face ongoing competition from other payment methods, with high interest rates also remaining a deterrent

Rate of credit card default continues to increase, reducing struggling consumers’ access to new lines of credit and personal loans

High competition continues among financial institutions, with a focus on promoting the greater use of credit cards and exclusive banking

Credit card usage will remain positive, thanks to an improving economy and possible decrease in interest rates

Incorporation of Municipal Savings Banks into the credit card market stimulates competition

Fintechs and electronic wallets contribute to developments in credit cards

Debit Cards in Peru - Category analysis

KEY DATA FINDINGS

Debit card usage continues to grow, thanks to improving economy and greater acceptance by users and businesses

Rapid implementation of NFC and TTP technology is helping to boost the use of debit cards in payment processes

Financial institutions continue to show dynamism regarding debit cards, promoting access to their virtual platforms

Debit card usage will continue to grow, while digital wallets also rise in popularity

Developments in technology will continue and expand with more points of sale

Ongoing efforts made to combat fraud and provide greater security in the use of debit cards

Pre-Paid Cards in Peru - Category analysis

KEY DATA FINDINGS

Pre-paid cards maintain healthy growth, thanks to increased demand from users who value their benefits

Closed loop pre-paid cards benefit from public transport cards and a greater number of recharge points

Open loop pre-paid cards benefit from a widening range of uses and ease of access to unbanked consumers

Pre-paid cards will maintain growth, thanks to ongoing demand

Launch of a new single pre-paid card for urban transport services will further support usage of closed loop cards

Use of gift cards could contribute to the growth of closed loop pre-paid cards, thanks to the launch of Dollarcity gift cards in its expansion strategy in Peru

Store Cards in Peru - Category analysis

KEY DATA FINDINGS

Traditional store cards being phased out, as they are transformed into Visa or Mastercard credit cards

Stores focus their strategy on commercial efforts, while promoting credit cards under their brand

Store credit cards play an important role in online sales, which are widely promoted and highlight advantages

Store cards will become extinct in favour of the new credit card versions

Store-branded credit cards will continue to have a significant presence in online sales of these stores

Store-branded credit cards will continue to have higher interest rates than bank credit cards, but with other benefits in stores

The following categories and subcategories are included:

Financial Cards and Payments

Why buy this report?

NEW REPORT GUARANTEE