Debit Cards Market in Peru
Highest year-on-year market share growth ranking
The ranking of the five competitors with the greatest year-on-year market share growth in the number of debit cards at the end of June 2023 shows that BCP is in first place with an increase of 1.87% participation points and INTERBANK is in second place, with a growth of 1.25% participation points.
Municipal Savings Banks (Cajas) stood out from third to fifth place. CAJA SULLANA advanced 0.69% points, CAJA TRUJILLO 0.36% and CAJA HUANCAYO 0.29%. In the 12 months analyzed, the Municipal Banks have grown in the number of credit cards significantly, going from 5.3 million current debit cards distributed among 10 Cajas, to a total of 6.3 million cards at the end of the second quarter of 2023.
Municipal Savings Banks (Cajas) stood out from third to fifth place. CAJA SULLANA advanced 0.69% points, CAJA TRUJILLO 0.36% and CAJA HUANCAYO 0.29%. In the 12 months analyzed, the Municipal Banks have grown in the number of credit cards significantly, going from 5.3 million current debit cards distributed among 10 Cajas, to a total of 6.3 million cards at the end of the second quarter of 2023.
The number of debit cards in Peru reached 42.2 million at the end of June 2023. This has implied an annual increase of 6.1% compared to the 39.8 million cards at the end of June 2022.
From the analysis of the market carried out by segmentation of the type of issuer, banking entities reached 33.9 million debit cards (80% of the total), Municipal Savings Banks 6.3 million cards (14.8% of the market) and financial companies manage the remaining 2 million cards (5.2% of the total).
Source:
From the analysis of the market carried out by segmentation of the type of issuer, banking entities reached 33.9 million debit cards (80% of the total), Municipal Savings Banks 6.3 million cards (14.8% of the market) and financial companies manage the remaining 2 million cards (5.2% of the total).
Source: