Peru

Peru

General Information

  • Population 33m
  • Population 15 + 24.9m
  • Online Population 19.8m
  • Area 1,285,216 km2
  • Currency PEN
  • GDP 203.8bn USD
  • GDP per Capita 6,084 USD
  • Card-based payments
  • Cash-based payments
  • Bank transfer
  • Wallets
  • Other
[{"label":"Card-based payments","value":"53"},{"label":"Cash-based payments","value":"14"},{"label":"Bank transfer","value":"11"},{"label":"Wallets","value":"8"},{"label":"Other","value":"14"}]
Banked population
  • Peru 43%
  • South & Central America 56%
  • World 67%
Credit card penetration
  • Peru 12%
  • South & Central America 18%
  • World 19%
Internet penetration
  • Peru 60%
  • South & Central America 70%
  • World 62%
Smartphone penetration
  • Peru 69%
  • South & Central America 71%
  • World 70%

M-commerce sales are expected to rise from 2 bn $US, or a third of the total spent online in 2020, to 4 bn $US by 2024.

In 2020 Peru showed the second highest growth in e-commerce sales for the Latin American market, with an increase of 61.5% compared to 2019.

Peru’s GDP plummeted by 11.1% in 2020 but is forecast to grow by 8.5% in 2021 and 5.2% in 2022 according to the IMF.

Future e-commerce trends (2021-2025)

E-Commerce market size forecast ($US billion)
2021 8.8
2022 11.5
2023 14.1
2024 16.4
2025 18.3
E-Commerce spending per capita ($US)
2021 265
2022 344
2023 416
2024 481
2025 531
E-Commerce spending as % of GDP
2021 4.2
2022 5.1
2023 5.8
2024 6.4
2025 6.7

Peru

The E-Commerce Market

Top e-commerce segments 2019 | 2020

  1. Airlines & Hotels: 51% | 22%
  2. Homeware & Furniture : 9% | 16%
  3. Health & Beauty: 11% | 13%
  4. Toys, DIY, & Hobbies: 5% | 13%
  5. Electrical Goods: 14% | 12%

Cross-border e-commerce

  1. Cross-border proportion of total e-commerce – 15%
  2. Value of cross-border e-commerce ($US billion) – 0.9
  3. % of online shoppers who have shopped cross-border – 74%
E-commerce % of total retail
  • Peru 16%
  • South & Central America 4.9%
  • World 20%
E-commerce completed on a mobile device
  • Peru 39%
  • South & Central America 47%
  • World 53%

The Credit Card Split

  • Visa
  • Mastercard
  • American Express
  • Local schemes
[{"label":"Visa","value":"52"},{"label":"Mastercard","value":"33"},{"label":"American Express","value":"1"},{"label":"Local schemes","value":"14"}]
  • E-commerce market size ($US billion) 6.0bn USD
  • E-Commerce spending per capita ($US) 183 USD
  • E-commerce spending as % of GDP 3.2%

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 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 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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