geo/peru
Banco de Crédito del Perú (BCP) is the largest bank and the largest supplier of integrated financial services in Perú with approximately US$40 billion in total assets and a market share of 30.4% in total loans and 33.5% in total deposits. BCP has been leading the national financial system for more than 130 years. Throughout all this time BCP have contributed to the economic development of Perú, transforming plans into reality.
Caja Huancayo is an entity with 35 years of institutional life it has been adding to financial inclusion, with a strong brand presence at the level of the microfinance system in Peru.
British International Investment (ex CDC Group) is UK’s development finance institution and wholly owned by the UK government. It supports businesses throughout Africa and South Asia.
Modelo Perú, a first-of-its kind payments initiative in Peru, will mark its one year anniversary. The initiative established an interoperable nationwide payments platform, Bim, with a particular focus on expanding access to underserved customer segments. Thirty three institutions, including microfinance organizations, commercial banks, and telecos, are participating in the platform, which was spearheaded by the Bankers’ Association of Peru (ASBANC). The interoperable mobile money platform is already a financial services feat. But we’re likely to see big changes between now and its second birthday.
CFI, in partnership with the Institute of International Finance (IIF), produced an issue brief exploring the progress and challenges the program has faced thus far, based on interviews with stakeholders. Last week, in part one of this blog series, we presented the challenges that have hindered the platform’s implementation to this point. This week, we look ahead to promising solutions to these challenges. Pagos Digitales Peruanos (PDP), the company running the platform, is currently recalibrating its goals while developing tailored solutions to each of the issues that have emerged. Below, we share an overview of four solutions PDP is exploring.
Global information services company providing data and analytical tools to help businesses manage credit risk, prevent fraud, target marketing offers and automate decision making.
MasterCard’s principal business is to process payments between the banks of merchants and the card issuing banks of the purchasers who use the "MasterCard" brand debit and credit cards to make purchases.
OPIC is the DFC - U.S. Government’s development finance institution. It mobilizes private capital in emerging and frontier economies to address development challenges and advance US foreign policy objectives.
