Yape, Plin and the digital wallets They have become one of the most popular forms of payment in Peru, revolutionizing the way people carry out daily transactions. These services have gained enormous acceptance due to their ease of use, speed and the possibility of making payments without the need for cash or physical cards. These forms of payment are leaving behind the conventional use of bills and coins.
He Central Reserve Bank (BCR) reported today that the use of S/20 bills is gradually decreasing, as more and more people choose to make their payments through digital wallets such as Yape, Plin, Bim, among others.
S/20 bills were used more 5 years ago
At the event “Digital wallets and standards for the payment industry,” organized by the Universidad del Pacífico, Paul Castillo, general manager of the BCRgave an explanation for the decline in the use of Peruvian banknotes.
“The level of demand for S/20 r billsRegarding 2019, it is now lower than 5 years ago, and that we think is an indication that digitalization is penetrating that space that cash had, which seems positive to us,” revealed the expert.
Furthermore, he revealed that, in the case of digital wallets as Yape, more and more daily transactions are being reached and this is demonstrated in the average transaction size. This is currently S/48.
There is still more potential in Yape, Plin and other digital wallets
The representative of BCR stated that the digital wallets They have great potential, which is why the digitalization process is supported, which is progressing successfully. “Those who already have the digital wallet find it increasingly easier to use it for a greater number of transactions, and we see potential, for example, in public transport,” he commented.
Finally, he referred to the use of Yape, Plin and other applications as a payment method within buses, buses and other transport. “Trying to digitize public transportation payments we think is a priority to sustain the growth of the use of digital payments,” she said.
Yape maximum amount: how much is it?
With Yape You can transfer up to S/ 500 per transaction. The daily limit can be S/ 500, S/ 950 or S/ 2,000. You can learn how to modify it by CLICKING HERE.
Regarding the receipt of money, the maximum monthly amount is 5 UITs (S/ 25,750). If you want to extend this limit, visit THIS LINK.
Source: Larepublica
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