The Credit Card market in Peru reached USD 8.048 million in 2019Q3 (28.421 million NS, +11.6% annual change) and will reach USD 10.700 million by the end of 2022 according to the most likely projected scenario* growing at a CAGR of 8.1% during 2011-2022f.
In Peru there are 8.7 million credit cards in circulation (2019Q3) granted by 14 different issuing banks and financial companies, which represents a penetration rate of 38% among the country´s 23.2 million adult population.
BCP, INTERBANK, SCOTIABANK, BANCO FALABELLA and BBVA are the largest card issuers, accounting for 85.3% on the credit card loan portfolio volume.
Peru: TOP 10 Credit Card Issuers (Banks) by credit outstandings (2019Q3)
Peru Credit Card Outstandings, Annual performance, USD millions
Peru Credit Card Outstandings, Annual change in market share, (Banks)