Fintech & Payment Trends

The Top eCommerce and Payment Trends in Peru

They’re placing food orders on phones and paying with local app Yape.

Similar to shoppers in other markets, Peruvians also shop online regularly. Weekly online purchases either on mobile or computer occur over one-third of the time. Fashion, restaurant takeout and utility payments are some of the top online ecommerce activities.

Shopping on mobile, especially in case of restaurant purchases is predominant with 86% reporting they use their phone to buy food. Yape initially started as a peer- to-peer payments app launched by the BCP bank and expanded to offer peer-to-merchant services allowing shoppers to use QR codes to make purchases.

ABOUT THE STUDY

Rapyd conducted an online survey among 3,088 respondents in June 2022. Markets covered are Argentina, Brazil, Chile, Colombia, Mexico, and Peru. All respondents are online shoppers who shop online at least once a month and are involved in purchase decisions in their households. The main objective of this research is to provide companies with insights into the key preferred payment methods by consumers in six Latin American markets.

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LATIN AMERICA ECOMMERCE AND PAYMENT TRENDS

Grow in LATAM by understanding how consumers shop and pay.

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THE MOST POPULAR ONLINE PAYMENT METHODS IN PERU

MOST POPULAR PRODUCTS TO BUY ONLINE IN PERU

THE MOST POPULAR IN-STORE AND POS PAYMENT METHODS IN PERU

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LATIN AMERICA ECOMMERCE AND PAYMENT TRENDS

Grow in LATAM by understanding how consumers shop and pay.

Download Report

SIMPLIFY PAYMENTS IN PERU AND 100+ OTHER COUNTRIES

With Rapyd, your business can accept and send local and cross-border payments to just about anyone—faster, cheaper and easier using the methods and currencies they prefer. 

Rapyd Can Help You:

  • Accept payments and send payouts from one platform
  • Expand cross-border card acquiring
  • Quickly access new markets 
  • Stop wasting time integrating multiple payment gateways
  • Navigate legal and compliance issues

Learn how Rapyd can help you save millions on transaction and FX fees while spending 70% less time managing payments.

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Mark Stiltner

Mark Stiltner is a finance and fintech writer. From educating independent investment advisors on retirement plan management to helping families maximize their savings to educating businesses on global payment preferences, Mark has spent over a decade researching and educating audiences on complex financial topics. Mark has been a contributing author on blog articles and educational content for the Bank of Colorado, Pinnacle Bank, TD Ameritrade, First Data and Rapyd.

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