Credit cards face a decline in cards in circulation and number of accounts in Peru in 2024, while transaction values fare better with a positive performance. Ultimately, credit cards face ongoing competition from other payment methods, such as debit cards and pre-paid cards, being options which do not incur high interest charges as per credit cards. Indeed, while the economy in Peru is improving, consumers remain cautious about over indebtedness and are prudent with their finances due to the pre...
Euromonitor International's Credit Card Transactions in Peru report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Credit Card Transactions, Personal Credit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Credit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Credit Cards in Peru
Euromonitor International
January 2025
List Of Contents And Tables
CREDIT CARDS IN PERU
KEY DATA FINDINGS
2024 DEVELOPMENTS
Credit cards face ongoing competition from other payment methods, with high interest rates also remaining a deterrent
Rate of credit card default continues to increase, reducing struggling consumers’ access to new lines of credit and personal loans
High competition continues among financial institutions, with a focus on promoting the greater use of credit cards and exclusive banking
PROSPECTS AND OPPORTUNITIES
Credit card usage will remain positive, thanks to an improving economy and possible decrease in interest rates
Incorporation of Municipal Savings Banks into the credit card market stimulates competition
Fintechs and electronic wallets contribute to developments in credit cards
CATEGORY DATA
Table 1 Credit Cards: Number of Cards in Circulation 2019-2024
Table 2 Credit Cards Transactions 2019-2024
Table 3 Credit Cards in Circulation: % Growth 2019-2024