# Peru — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/PE
> extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## Summary

- **Yape** 14M users, 6x volume of Plin
- **Plin** 14M users, BBVA/Interbank/Scotia
- **BCRP mandate** interoperability April 2023
- **83.4M txns** Q1 2024 (4x growth)
- **67.6%** low-value payments via wallets

## Banking landscape

### Central Bank
- **Name:** Banco Central de Reserva del Perú (BCRP)
- **Website:** https://www.bcrp.gob.pe/
- **Role:** Monetary policy, interoperability mandate

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | BCP | Private | Yape |
| 2 | BBVA Perú | International | Plin |
| 3 | Interbank | Private | Plin |
| 4 | Scotiabank Perú | International | Plin |
| 5 | Banco de la Nación | State | BN App |

### Market Structure
- **Yape:** BCP dominant
- **Plin:** Bank consortium
- **Interoperability:** Mandated
- **High adoption:** 67.6% low-value

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| Yape | BCP | P2P/QR | 14M users |
| Plin | BBVA/Inter/Scotia | P2P/QR | 14M users |
| CCE | BCR | Clearing | Active |
| Card networks | Visa/MC | Cards | Active |

### Interoperability Mandate
- Phase 1: April 2023 (P2P)
- Phase 2: July 2023 (Universal A2A)
- QR interoperability: Sept 2023
- 2.5M+ daily transactions

### Transaction Growth
- Q1 2023: 21.6M transactions
- Q1 2024: 83.4M transactions
- 4x growth in one year
- Rapid adoption

---

## QR code standards

### Interoperable QR

| Attribute | Value |
|-----------|-------|
| **Mandate** | BCRP Sept 2023 |
| **Coverage** | All registered QRs |
| **Wallets** | Yape/Plin |
| **Status** | Active |

### QR Interoperability
- All registered QRs readable
- Any wallet can scan any QR
- BCRP QR Registry
- Universal acceptance

### QR Before Mandate
- Yape QR only for Yape
- Plin QR only for Plin
- Siloed systems
- Consumer friction

---

## Mobile payment apps

| App | Provider | QR | Features |
|-----|----------|-------|----------|
| Yape | BCP | Yes | Dominant |
| Plin | Banks | Yes | Consortium |
| Bank Apps | Various | Yes | Interop |

### Yape Dominance
- 14M users
- 6x transaction volume vs Plin
- BCP (Banco de Crédito)
- Launched 2016
- Visa Direct infrastructure

### Plin Features
- 14M users
- BBVA + Interbank + Scotiabank
- Visa infrastructure via Niubiz
- Mobile number or QR
- Bank account linked

### 2027 Projections
- 28% POS share (wallets)
- 31% e-commerce share (wallets)
- A2A leading method
- Cards declining

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [Yape QR](https://docs.barcoder.ai/docs/payments/PE/yape-qr) | Interoperable | BCRP | 14M | [`yape`](https://docs.barcoder.ai/docs/standards/yape) |
| [Plin QR](https://docs.barcoder.ai/docs/payments/PE/plin-qr) | Interoperable | BCRP | 14M | [`plin`](https://docs.barcoder.ai/docs/standards/plin) |
| [Bank QR](https://docs.barcoder.ai/docs/payments/PE/bank-qr) | Interoperable | BCRP | Universal | — |

## Sources

- [BCRP - Interoperability White Paper](https://www.bcrp.gob.pe/eng-docs/Publications/white-paper-interoperability.pdf)
- [Payments CMI - Peru 2024](https://paymentscmi.com/insights/payments-ecommerce-trends-peru-2024/)
- [Nuvei - Yape and Plin](https://www.nuvei.com/apm/qr-code-wallet---yape-and-plin)
- [Transfi - Peru Payments](https://www.transfi.com/blog/perus-payment-rails-how-they-work---yape-plin-digital-wallet-growth)

## Full country report

[PE-peru.md](https://docs.barcoder.ai/docs/payments/PE)