What is the most popular payment method in Peru?
For everyday payments, Yape and other phone-based transfers. Alias payments to a phone number or QR made up 75% of digital payments in June 2026, and Yape alone had 16.7 million monthly active users. Cards remain important for online and higher-value purchases.
In detail
For everyday payments, Yape and other phone-based transfers. Alias payments to a phone number or QR made up 75% of digital payments in June 2026, and Yape alone had 16.7 million monthly active users. Cards remain important for online and higher-value purchases.
Payment by cash in Peru
Cash is losing ground in Peru, but it has not gone away. The BCRP says digital payments are replacing cash quickly, and reports quoted by the Cámara de Comercio de Lima state that 64% of purchases are still made in cash. In neighborhood shops the gap is wider: Kantar found that 98.7% of payments in bodegas were in cash in 2023.
Payment by digital wallet and X-Pay in Peru
Peru is a wallet market, and its wallets are bank products. Yape, from Credicorp's BCP, had 19.8 million users and 16.7 million monthly active users in Q2 2026, processing 3.38 billion transactions in the quarter. Plin is not a separate app but a function inside the apps of BBVA, Interbank, Scotiabank and smaller entities, and its users sent 114 million payments a month to Yape in the first half of 2026.
More detail in our #PayWorldTour guide Payment methods in Peru.