Peru Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in Peru, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals.
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Trade Financing
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Methods of Payment
Peruvian importers mainly utilize irrevocable letters of credit issued by a Peruvian commercial bank. This method of payment is common in several industries, and the Peruvian banks are generally able to advise their clients regarding international payments and collections. For more information about the methods of payment or other trade finance options, please read the Trade Finance Guide. 

Banking System
As of 2024, Peru’s banking sector remains highly consolidated with commercial banks holding approximately 82 percent of all assets totaling $147.4 billion. Three major banks continue to dominate: Banco de Crédito del Perú (35.9 percent market share), Banco BBVA Perú (20.5 percent), and Interbank (13.5 percent), collectively accounting for 69.9 percent of total assets. Despite ongoing improvements through initiatives like the $40 million IDB loan for Bank of the Nation’s digital transformation, access to financial services remains limited with financial inclusion challenges persisting nationwide, particularly in rural areas where access is significantly lower than in urban centers.
Recent years have seen rapid growth in digital financial services, with around 60 percent of retail payments now made via digital wallets, driven by greater mobile internet coverage and new payment interoperability regulations from the Central Reserve Bank of Peru (BCRP). As of 2023, 78 percent of adults report using mobile internet, yet gaps in digital skills, trust, and financial literacy hinder broader adoption—especially outside urban centers.
The BCRP continues to operate autonomously, targeting inflation between one and three percent. After persistent inflationary pressures that peaked in 2022-2023, inflation has successfully returned to the target range and closed 2024 at 2.0 percent.

Foreign Exchange Controls
There are no reported difficulties in obtaining foreign exchange. For additional information, visit the U.S. Department of State Investment Climate Statements.

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Global Business Navigator Chatbot Beta

Welcome to the Global Business Navigator, an artificial intelligence (AI) Chatbot from the International Trade Administration (ITA). This tool, currently in beta version testing, is designed to provide general information on the exporting process and the resources available to assist new and experienced U.S. exporters. The Chatbot, developed using Microsoft’s Azure AI services, is trained on ITA’s export-related content and aims to quickly get users the information they need. The Chatbot is intended to make the benefits of exporting more accessible by understanding non-expert language, idiomatic expressions, and foreign languages.

Limitations

As a beta product, the Chatbot is currently being tested and its responses may occasionally produce inaccurate or incomplete information. The Chatbot is trained to decline out of scope or inappropriate requests. The Chatbot’s knowledge is limited to the public information on the Export Solutions web pages of Trade.gov, which covers a wide range of topics on exporting. While it cannot provide responses specific to a company’s product or a specific foreign market, its reference pages will guide you to other relevant government resources and market research. Always double-check the Chatbot’s responses using the provided references or by visiting the Export Solutions web pages on Trade.gov. Do not use its responses as legal or professional advice. Inaccurate advice from the Chatbot would not be a defense to violating any export rules or regulations.

Privacy

The Chatbot does not collect information about users and does not use the contents of users’ chat history to learn new information. All feedback is anonymous. Please do not enter personally identifiable information (PII), sensitive, or proprietary information into the Chatbot. Your conversations will not be connected to other interactions or accounts with ITA. Conversations with the Chatbot may be reviewed to help ITA improve the tool and address harmful, illegal, or otherwise inappropriate questions.

Translation

The Chatbot supports a wide range of languages. Because the Chatbot is trained in English and responses are translated, you should verify the translation. For example, the Chatbot may have difficulty with acronyms, abbreviations, and nuances in a language other than English.

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