Peru Cards and Payments Market Trends, Development, Growth and Forecast to 2020

cards-and-payments-market

The research report provides in depth analysis and insights into the Peru Cards and Payments Market and competitive landscape (card issuers in the country) for both debit cards and credit cards. The study includes 3 years historical market size and 6 years market forecast in terms of number of cards, value and volume of transactions processed through these cards, and other key metrics. The report also provides information on the key industry trends, major schemes, banks and detailed segmentation of card and payment industry. The research report is a new offering from the company’s Financial Services domain, and leveraged from the company’s existing cards and payments database of 50+ countries.

In Peru, the debit cards dominate the card payments market in terms of number of cards in circulation. Debit card also dominated the Peru card payments market in terms of number of transactions and value of transactions. Average debit card transaction value increased from PEN 362.9 in 2012 to PEN 409.0 in 2014, at a CAGR of 6.2%.

The credit card penetration in Peru per 100 inhabitants increased from 19 in 2012 to 21 in 2014 and it is further expected to increase during the forecast period. The transaction value of credit cards reported at POS terminals was greater than at ATMs. The average credit card transaction value in Peru declined marginally from PEN 375.8 in 2012 to PEN 368.1 in 2014, at a CAGR of -1.0%. The average transaction value is anticipated to decrease during the forecast period.

Some of the key players in the debit cards market include Banco de Crédito del Perú, BBVA Continental Scotiabank, Midbanco, Banco Financiero and Banco Falabella Peru. Banco de Crédito del Perú was the leading bank in terms of the number of debit cards in 2014. Some of the key players in the credit card market of Peru include Banco Falabella Peru, Banco de Crédito del Perú, Interbank, BBVA Continental and Scotiabank. In the credit card segment, Banco Falabella Peru was the leading bank in 2014, in terms of number of credit cards in circulation.

News Courtesy: P&S Market Research

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