Peru

Peru

General Information

  • Population 34.2 m
  • Population 15 + 25.9 m
  • Online Population 21.6 m
  • Area 1,285,216 km2
  • Currency PEN
  • GDP 225.9 bn USD
  • GDP per Capita 6,610 USD
  • Card-based payments
  • Cash-based payments
  • Bank transfer
  • Wallets
  • Other
[{"label":"Card-based payments","value":"51"},{"label":"Cash-based payments","value":"12"},{"label":"Bank transfer","value":"11"},{"label":"Wallets","value":"13"},{"label":"Other","value":"12"}]
Banked population
  • Peru 46%
  • South & Central America 56%
  • World 67%
Credit card penetration
  • Peru 13%
  • South & Central America 18%
  • World 19%
Internet penetration
  • Peru 63%
  • South & Central America 70%
  • World 62%
Smartphone penetration
  • Peru 73%
  • South & Central America 71%
  • World 70%

Between 2016 and 2021, the volume of e-commerce purchases Peruvians made from merchants based outside the country grew by 23%.

Between 2021 and 2022, Peruvian retail sales grew at a rate of 11% and Peruvian e-commerce sales at a rate of 31%. 

In 2021, Peru began the process of implementing the UN International eTrade Readiness Assessment, designed to give businesses and consumers everything they need to get online.  

Between 2021 and 2025, the value of mobile commerce in Peru is predicted to more than double to a value of US$13 billion. 

Between 2022 and 2027, the value of digital payments in Peru is predicted to almost double from US$10 billion to US$19.7 billion.

Future e-commerce trends (2021-2026)

E-Commerce market size forecast ($US billion)
2022 11.9
2023 14.3
2024 16.5
2025 16.5
2026 20.8
E-Commerce spending per capita ($US)
2022 355
2023 423
2024 483
2025 543
2026 600
E-Commerce spending as % of GDP
2022 5.3%
2023 6.0%
2024 6.6%
2025 7.1%
2026 7.6%

Peru

The E-Commerce Market

Top e-commerce segments

  1. Furniture & Appliances: 23%
  2. Toys, Hobby & DIY : 21%
  3. Electronics & Media: 19%
  4. Food & Personal Care: 19%

Cross-border e-commerce

  1. Cross-border proportion of total e-commerce – 16%
  2. Value of cross-border e-commerce – 1.3 bn USD
  3. Online shoppers who have shopped cross-border – 71%
B2C E-commerce Growth 20->21
  • Peru 70.9%
E-commerce % of total retail
  • Peru 6%
  • South & Central America 4.9%
  • World 20%
E-commerce completed on a mobile device
  • Peru 38%
  • South & Central America 47%
  • World 53%

The Credit Card Split

  • Visa
  • Mastercard
  • American Express
[{"label":"Visa","value":"74"},{"label":"Mastercard","value":"24"},{"label":"American Express","value":"1"}]
  • E-commerce market size 9.3 bn USD
  • E-Commerce spending per capita 281 USD
  • E-commerce spending as % of GDP 4.5%

The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.

Peru

Local Payment Methods

BitPay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Hyperwallet Type Bank transfer, Gift card, Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High PayPal Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High PaysafeCard Type Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Paysera Wallet Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High PayU Type Bank transfer Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 2 Market relevance High Skrill Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Allied Wallet Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High UnionPay Type Local payment card Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Boku Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Cencosud Type Local payment card Regions South & Central America Market relevance High Google Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Mercado Pago Type Wallet Regions South & Central America Market relevance High Mobiamo Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High PagoEfectivo Type Bank transfer, Cash Regions South & Central America Market relevance High Razer Gold Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High SWIFT Type Bank transfer Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High AstroPay Type Prepaid voucher Regions Asia Pacific, Middle East & Africa, South & Central America + 1 Market relevance Medium KasNet Type Bank transfer, Cash Regions South & Central America Market relevance Medium Secure Remote Commerce (SRC) Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium Amex LOCAL Type Local payment card Regions South & Central America Banco Pichincha Type Bank transfer Regions South & Central America, Western & Central Europe Banco Ripley Type Bank transfer Regions South & Central America BBVA Type Bank transfer Regions Middle East & Africa, North America, South & Central America + 1 BBVA Continental Type Bank transfer Regions South & Central America BCP Type Bank transfer, Cash Regions South & Central America Boloro Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Caja Huancayo Type Bank transfer Regions South & Central America Caja Tacna Type Bank transfer Regions South & Central America Caja Trujillo Type Bank transfer Regions South & Central America G2A Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium Interbank Type Bank transfer Regions South & Central America MasterCard LOCAL Type Local payment card Regions South & Central America Market relevance High NETELLER Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Scotiabank Type Bank transfer Regions South & Central America SafetyPay Type Bank transfer, Cash Regions South & Central America, Western & Central Europe Market relevance High Visa LOCAL Type Local payment card Regions South & Central America Market relevance High Splitit Type Instalments Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3

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