What's Happening?
The Peruvian Chamber of E-Commerce (CAPECE) has reported significant growth in Peru's payments ecosystem, with 120 payment solutions currently operating in the country. This expansion is largely driven by the rise of e-commerce, digital payments, and
interoperability. In 2025 alone, 16 new payment fintechs have launched, and CAPECE anticipates at least 18 more paytech companies will enter the market by 2026. The growth is further accelerated by the implementation of Open Banking and Open Finance regulations, alongside a Regulatory Sandbox designed to foster innovation within a controlled environment. The new fintech entrants include payment facilitators, acquirers, and Buy Now Pay Later (BNPL) solutions, contributing to a total of over 66 payment solutions launched in the past five years.
Why It's Important?
The rapid expansion of Peru's payment ecosystem signifies a transformative shift towards digital finance, offering substantial opportunities for investors. Despite the triple-digit growth in digital payments annually since the pandemic, a significant portion of the population, 64%, still relies on cash. This presents a unique opportunity for fintech companies to capture a larger market share by promoting digital payment solutions. The flexible regulatory environment and low financial penetration are key factors attracting investment, positioning Peru as a potential leader in PAYTECH innovation and regulation in Latin America. The efforts to reduce cash usage and enhance digitalisation are expected to drive economic growth and financial inclusion.
What's Next?
CAPECE is actively working to accelerate the digitalisation of payments through initiatives like the PAYTECH COMMITTEE, established in 2022. This committee aims to foster collaboration between payment fintechs and traditional financial entities, enhancing synergies and strategic alliances. CAPECE is also organizing industry events such as the Latam Epayment Summit 2025, which serves as a platform for dialogue among stakeholders in the region's payment ecosystem. These efforts are intended to position Peru as a regional leader in digital payment innovation and regulation, potentially transforming the country's financial landscape.
Beyond the Headlines
The expansion of Peru's payment ecosystem could have broader implications for financial inclusion and economic development. By reducing reliance on cash and promoting digital payments, Peru can enhance transparency and efficiency in financial transactions, potentially reducing corruption and improving tax collection. Additionally, the growth of digital finance may empower underserved communities by providing access to financial services, fostering economic empowerment and social mobility.
