Succeed in one of Latin America's top markets
Peruvian e-commerce is currently facing a five-fold growth in comparison to traditional retail, rendering Peru a highly promising market.
Major credit cards such as Visa, MasterCard, American Express and Diners Club are a popular way of transacting online in Peru, and unlike other markets in Latin America, those cards are not restricted for international transactions. Peruvians are increasingly gaining familiarity with paying for larger ticket items in instalments, accounting for approximately 30%-40% of the e-commerce credit card transactions. Those transactions result in a significant boost in e-commerce buying by ultimately reducing the financial burden over a pre-determined period of time.
PayU provides merchants with access to majority of the population through the provision of cash payment services like Pago Efectivo and Banco de Credito del Peru (BCP). For Peruvians, Pago Efectivo is a greatly entrusted online payment method that enables customers to complete the transaction through bank transfers, mobile payments or even cash.
Enabling alternative payment methods, along with ensuring secure transactions, greatly facilitate the expansion of e-commerce within the market and opens the doors to unlimited opportunities in Peru. PayU’s leading service in Peru for the last five years grants merchants with a deep local understanding of the difficulties as well as the abundant opportunities to be attained within the market. Get in touch with us to understand more.
Payment Methods Available in Peru With PayU