Is buy now, pay later available in Peru?

Yes, but it is small. PowerPay had 75,000 users by May 2025 and BCP offers Cuotéalo. Most installment purchases still go through credit card cuotas, and wallet credit from Yape is growing fast.

Payment by installment and BNPL in Peru

In Peru, paying in installments mostly means credit card cuotas. Banks and acquirers run interest-free campaigns, and Niubiz was building interest-free cuotas and BNPL services expected to bring in about US$ 4 million in 2025. Many Peruvians have no credit card, which leaves room for new models.

BNPL and wallet credit

BNPL is still young. PowerPay, created by the BBVA and Breca groups, started operations in April 2023 and had 75,000 users and about 300 merchants by May 2025, offering installments at checkout online and in store. BCP offers Cuotéalo to its own debit card holders in its app. Wallet credit is growing faster: Yape's loan book reached S/ 1.8 billion in Q2 2026, about four times its level a year earlier, with 6.4 million disbursements in the quarter.

More detail in our #PayWorldTour guide Payment methods in Peru.