Government Initiatives Support the Boom in Peru Cards and Payments Industry: Ken Research
6
Click here to load reader
Transcript of Government Initiatives Support the Boom in Peru Cards and Payments Industry: Ken Research
Ken Research Pvt. Ltd.
What’s happening in Peruvian cards and
payments industry?
National Financial Inclusion Strategy to promote the use of electronic
payments instruments.
Launch of Bim mobile money, to provide unbanked population with access
to digital financial services.
Peru payments market grew at a CAGR of 7.6% during 2010-2014, in
terms of the number of cards in circulation.
Debit cards dominate the cards industry in terms of number of cards in
circulation as well as in terms of number and value of transactions.
The use of credit cards expected to increase during the forecast period.
Transaction value of credit cards was greater than the ATMs.
Ken Research Pvt. Ltd.
Drivers and Challenges of the Cards and
Payments Industry in Peru
1. Government’s Financial Inclusion plan
2. Growing popularity of payment cards
3. Growing availability of retail bank agents
4. Increase in disposable income
5. Increasing market for mobile commerce and e-commerce
1. Secure payment concern
2. Lack of awareness and low service quality
DR
IVE
RS
CH
ALLE
NG
ES
Ken Research Pvt. Ltd.
Major Players in Peruvian Cards and
Payment Industry
• Banco de Credito del Peru
• BBVA Continental Scotiabank
• Midbanco
• Banco Financiero
• Banco Falabella Peru
Debit Cards
• Banco Falabella Peru
• Banco de Credito del Peru
• Interbank
• BBVA Continental
• Scotiabank
Credit Cards
Ken Research Pvt. Ltd.
Scope of the report
Detailed overview of the Cards and Payments Industry in Peru.
Key insights into the operating environment of the Peruvian cards and payments industry.
Current values and forecast figures for the Peruvian cards and payments industry.
Regulatory framework applicable to Peru’s cards and payments industry.
Detailed marketing strategies used by various banks and other institutions.
Ken Research Pvt. Ltd.
To know more on coverage, click on the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-
services/cards-payments-industry-peru-emerging-trends/33376-93.html
Related Reports:
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/chile-
cards-payment-industry/724-93.html
Contact
Ken Research
Ankur Gupta, Head Marketing & Communications
Email Id: [email protected]
Contact No: +91-124-4230204
Ken Research Pvt. Ltd.
