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Bank Transfer (PE)

Bank transfers in Peru allow users to send and receive money electronically between bank accounts. They can be initiated through online banking platforms or mobile apps provided by financial institutions such as BCP, Interbank, BBVA, Caja Arequipa, and others. The process is generally straightforward: users select their bank, input necessary details, and complete the transaction.

Method
Bank Transfer (PE)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
11M
Disbursements
Yes
Yes
Chargebacks
$25.00
Authorization currency
PEN
Authorization
speed
Instant
Recurring
No
No

Reasons for Popularity

BCP has one of the largest branch and ATM networks in Peru, it offers a highly advanced digital banking platform that includes the BCP app

Interbank leverages cutting-edge digital banking solutions, delivering a user-friendly mobile app that offers real-time transaction alerts, personalized financial insights, and advanced security features

As part of the BBVA Group, BBVA Peru leverages international expertise and resources to offer a divrse range of global banking services and investment opportunities.

Caja Arequipa specializes in microfinance and is actively involved in local communities, offering financial education.