COMPETITIVE LANDSCAPE
Visa leading operator, but Procesos Medios de Pago (Mastercard) makes most gains
VisaNet, with the Visa brand, continued to be the leading operator in Peru in 2024. This is due to the company's extensive track record in Peru, and its partnerships with major banking institutions.
Banco de Crédito del Perú further consolidates its position as leading issuer
BCP was the leading issuer in 2024 in credit cards, consolidating its leadership, especially in terms of value, while in terms of the number of cards in circulation, its volume share is less pronounced. BCP's benefits from its established presence, dating back to 1889, along with an extensive network, consisting of more than 300 branches, more than 1,800 ATMs, and more than 5,600 BCP agents, who are employed at customer service counters in commercial establishments such as small local grocers and pharmacies.
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Overview:
Understand the latest market trends and future growth opportunities for the Credit Card Transactions industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Credit Card Transactions industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Credit Card Transactions in Peru report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Credit Card Transactions in Peru?
- What are the major trends key to understanding Credit Card Transactions in Peru?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Credit Cards in Peru - Category analysis
Credit Cards in Peru - Company Profile
KEY DATA FINDINGS
Move away from physical cards
Continuing growth in credit cards in circulation, though lower than debit cards
Increasing number of transactions
Increasing competition and improving economy support growth in credit card spending
New regulations to improve card security encourage greater use of credit cards
Increasing competition from municipal savings banks
Visa leading operator, but Procesos Medios de Pago (Mastercard) makes most gains
Banco de Crédito del Perú further consolidates its position as leading issuer
Debit Cards in Peru - Category analysis
Debit Cards in Peru - Company Profile
KEY DATA FINDINGS
Debit cards increasingly popular
Continuing shift away from cash benefits debit cards
Increasing number of transactions, as well as increasing average value
Debit cards register further growth, along with digital wallets
Increasing use of debit cards on public transport
Banco Banco de la Nación (BN) debit cards boosts debit card spending
Visa leading operator, but Procesos Medios de Pago (Mastercard) makes most gains
Banco de Crédito del Perú leading issuer
Pre-Paid Cards in Peru - Category analysis
Pre-Paid Cards in Peru - Company Profile
KEY DATA FINDINGS
Increasing usage in 2025
Significant increase in number of cards in circulation
Closed loop register higher growth in transaction volumes
Moderate growth in transaction value over forecast period
Launch of Interoperable Transport Card boosts usage of transport cards
Shift from physical cards to digital cards
Pro Transporte leading operator in closed loop
Visa leading operator in open loop, with EEDE Tarjetas Peruanas Prepago leading issuer
Financial Cards and Payments in Peru - Industry Overview
Surge in use of mobile wallets
KEY DATA FINDINGS
Continuing shift away from cash
Also shift from physical cards to digital
Regulatory changes establish card security improvements with two-factor authentication and also make credit card life insurance optional
Steady growth over forecast period
Launch of Interoperable Transport Card boosts usage of pre-paid transport cards
Banco Banco de la Nación (BN) debit cards boosts debit card spending
Banco de Crédito del Perú leading issuer
Visa leading operator
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Credit Card Transactions
- Commercial Credit Card Transactions
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- Average Personal Credit Card Balance
- Average Personal Credit Card Limit
- Personal Credit Card Utilisation
Credit Card Transactions
Credit cards allow for purchases against a preapproved line of credit. The account holder has the choice of whether to pay off the entire balance each month or opt for monthly instalments with the balance serving as revolving credit. If the cardholder decides to revolve a balance, the consumer pays interest. Credit cards can include affinity cards, reward cards and types of co-branded cards. Co-branded retailer cards—issued by retailers acting as financial institutions and without usage restrictions—are included in this category. Cards issued by a retailer with usage limited to a specific store within a predefined retail group fall under the store cards definition. Debit cards with an overdraft function are not counted as cards with a credit function. Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Credit Card Transactions research and analysis database.
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