Peru is often considered the pearl of the Pacific Coast, with magnificent Quechua culture in the Andes and Sacred Valley. The country has always been a popular tourist destination through Machu Picchu, the Amazon rainforest, and the Incas. A multitude of cultural, historical, and natural attractions are located in this magical land. You may find it difficult to believe it exists at some point.
Being neighbours with developing countries, Peru is bordered in the east by Brazil and Bolivia, in the north by Ecuador and Colombia, in the south by Chile, and west by the fantastic Pacific Ocean. Its unique geopolitical location makes it under the limelight for investors and business owners who desire to expand in the South American market.
Suppose you are following the business magazines nowadays. In that case, you probably encounter a myriad of articles putting a spotlight on LATAM regarding rich raw materials, cheap touristic potential, agricultural diversity, low-cost labour, accessible transportation options, and privileges for foreign capital inflows. When all advantages blend, the attention of the United States, China, Mexico, and Brazil on these countries increases incrementally.
Peru Payment Options
Peru is one of the leading countries in the area and regulates itself according to cutting-edge technologies. Banking services are on the same level as Western countries, while cashless payments in Peru have risen rapidly due to Covid-19. Before the catastrophic pandemic, the results of statistics by domestic survey agencies used to show cash Peru payments were at the rate of 20% in entire Peru payment methods. When we bear in mind that Peruvians are pretty conservative about their spending habits, this percentage may sound optimistic even.
Contactless Payments In Peru
Nobody wants to risk their health by touching dirty money hand-to-hand. Thanks to the advanced innovations, it is possible to operate cashless payments through debit/credit cards, digital wallets, contactless cards, bank transfers, and prepaid cards. Contactless transactions in Peru are a new concept but somehow pretty popular among new generations aged 18-45.
Particularly, contactless payments allow consumers to purchase by tapping into a POS (Point-of-Sale) terminal with NFC (Near-Field-Communication) and RFID (Frequency-Identification-Technology). No messy passwords, no waiting, no subsequent contact with POS terminals! Hygienic, fast, and secure way of hassle-free payments.
All in all, despite its traditional characteristics regarding its monetary mediums and habits, Peruvians follow the trends on cashless payments and utilise smooth contactless purchases in their daily routine. Plus, foreigners visiting this beautiful country can enjoy their lovely experience with no danger of transmitting viruses or catching one.
Are you looking for contactless payment in Peru but need a digital wallet placing Peruvian Sol? Our seamless e-wallet, Jeton Wallet, allows users to create accounts in their local currencies; our Peruvian users are no exception. They can choose Sol among 50 different fiat currencies and popular cryptocurrencies.
Furthermore, our Visa-based card, the contactless Jeton Card, features a debit card which you can use in any store or e-commerce site. Would you like to take a closer look at your transaction history? Simply open your Jeton App and tap on your recent activities.
Our professional understands the spirit of Peru and creates customised payment plans for Peru as well as other LATAM countries. Visit our website today and meet with our innovative services to enjoy smooth payments!