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BIM
BIM (Billetera Móvil) is Peru's first fully-interoperable national mobile money platform, launched in February 2016.
Method
BIM
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
E-wallet
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
Yes
Authorization currency
PEN
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
The platform allows users to store and transfer money using their mobile phones without needing a traditional bank account
Users can perform various transactions such as cash-in, cash-out, person-to-person transfers, buying airtime, and paying for services like electricity and water bills
