According to research from payments platform EBANX, the Peruvian e-commerce market is expected to reach $60billion by 2027, growing 20 per cent year-on-year. To ensure cross-border merchants are capitalising on this potential, EBANX has announced it will be integrated into Yape, Peru’s superapp.
In 2024, Yape captured the largest share of the volume transacted online with a digital wallet in the country, according to data from Payments and Commerce Market Intelligence (PCMI). Now, with the EBANX integration, users will be able to pay for their purchases on global e-commerce websites with either their wallet balance or a linked card. Yape supports both recurring and one-click and on-file payments through a simple user enrollment process.
Growing adoption of digital wallets
According to Beyond Borders 2025, digital wallets are increasingly becoming a preferred option for recurring transactions, thanks to innovative features that help improve approval rates. According to Yape’s internal data, the company provides an impressive 93 per cent approval rate on transactions, positioning it as an effective payment solution for businesses looking to thrive in Peru’s rapidly growing digital economy.
“Through partnership with Yape, EBANX enables merchants to access a seamless, secure, and high-conversion payment solution that drives immediate results, for one-time purchases as well as for subscription-based services and recurring payments,” explains Juliana Etcheverry, director of LatAm country growth – South Cone at EBANX. “This partnership goes beyond payments; it’s about fostering scalable, long-term growth for merchants in a rapidly evolving market.”
“With over 14 million active Peruvian users, Yape empowers millions of consumers with reliable daily transactions. This direct integration with EBANX marks a significant step in expanding our reach to global merchants, allowing them to tap into the vast potential of the Peruvian market,” says Claudia Silva, head of payments at Yape.
Digital wallets have become a crucial part of the payment ecosystem in Peru. In 2024, wallets represented 10 per cent of the country’s total digital commerce transactions, and their share is expected to grow at an annual rate of 17 per cent by 2027, according to PCMI. “Yape is a key driver of this growth, reshaping the financial landscape and enabling financial inclusion, particularly for those without access to traditional banking,” Silvia points out.
