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Peru Cards and Payments Market - Size, Share, Development, Growth and Forecast to 2020LONDON, Oct. 26, 2016 /PRNewswire/ -- Report Coverage The total number of credit cards in Peru increased at a CAGR of 6.7% during the period 2012-2014. The transaction value of credit cards reported at POS terminals was greater than at ATMs. The frequency of credit card use increased at a CAGR of 3.0% during 2012-2014. The frequency of transaction is expected to reach to 15.3 times by 2020. High internet and mobile penetration in Peru is expected to increase online sales which in turn, is expected to increase growth in the card and payments market. Internet penetration in the Peru grew from 36% in 2012 to 40.4% in 2014. Mobile penetration also registered a growth during the period 2012–2014, rising from 53.4% to 59%. In January 2015, Movistar in collaboration with MasterCard launched "Tu Dinero Movil" ("Your Mobile Money"), electronic money service in Peru. The service is available in 20 of the country's stores to Movistar's 16 million mobile customers and will soon be available countrywide. Customers will be able to access an electronic money account that will be created to link their mobile number to their "Your Mobile Money" card. Moreover, customers will be able to make financial transactions, such as sending and receiving money from a mobile phone, making card purchases at MasterCard-affiliated establishments and replenishing the balances of their own or third-party mobile phones. Key players in the Peru cards and payments market: Banco de Crédito del Perú BBVA Continental Scotiabank Midbanco Banco Financiero del Perú S.A Banco Falabella Peru Download the full report: https://www.reportbuyer.com/product/3861592/ To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/peru-cards-and-payments-market--size-share-development-growth-and-forecast-to-2020-300352203.html SOURCE ReportBuyer |