DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Peru Cards and Payments Market - Size, Share, Development, Growth and Forecast to 2020" report to their offering.
Debit card dominated the Peru card payments in terms of number of transactions and value of transactions. Debit card penetration per 100 inhabitants increased from 38 in 2012 to 43 in 2014. The value of debit card transactions at ATMs remained significantly higher than the value of transactions at POS terminals in 2014. Debit card transactions at ATM terminals accounted for 95% of the total debit card transactions in 2014. The frequency of debit card usage grew at a CAGR of 7.4% during 2012-2014, and it is further expected to increase during 2015-2020. By scheme, the number of debit cards in circulation was dominated by Visa in 2014.
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%.
Key players in the Peru cards and payments market:
- Banco de Crédito del Perú
- BBVA Continental
- Banco Financiero del Perú S.A
Banco Falabella Peru
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Key Industry Drivers
5. Payment Channels
6. Terminal Statistics
7. Payment Card Market Analysis
8. Debit Card Market Analysis
9. Credit Card Market Analysis
10. Prepaid Card Market Analysis
11. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/fll458/peru_cards_and