← State of Embedded Finance 2026

Yape

“Can Peru's dominant P2P wallet evolve into the financial super-app for the unbanked and SMBs across Andean Latin America?”

Founded2017
HQLima, Peru
IndustryFintech / Neobank
The story

Yape began in 2017 as a P2P mobile payments wallet inside Banco de Crédito del Perú (BCP), Peru's largest bank. It has evolved from a free transfer app into a super-app — adding consumer and SMB lending (Crédito Yape up to S/60,000 for businesses), bill pay, mobile top-ups, an in-app marketplace (Yape Tienda), inbound remittances, SOAT auto insurance, and embedded health insurance via Pacífico. With 19M+ users in Peru, Yape is now exporting the model into Bolivia in 2026, targeting micro-merchants with localized financial services.

Last 12 months
2026-01
2024-02
Product timeline
2017
Yape launched by Banco de Crédito del Perú (BCP) as a P2P mobile payments app.· banking
2024
Launched Yape Empresa for businesses with collection, supplier payment, and assistants features.· banking
2024
Partnered with Pacífico Seguros to launch Seguro Salud Yape (digital health insurance from S/9.90/month).· lending
2025
Surpassed 19 million users; launched remittances, SOAT auto insurance, and Yape Tienda e-commerce.· banking
2026
Announced expansion into Bolivia with micro-business lending under Yape Comercios brand.· lending
Regulated entities
Bank (parent operator)
Peru (SBS)
Banco de Crédito del Perú (BCP)
The stack
Payments / PSP
Yape (self-operated, BCP-owned wallet)dLocal (acceptance of Yape as a payment method for cross-border merchants)EBANX (direct integration for cross-border merchants accepting Yape)
Banking / BaaS
Banco de Crédito del Perú (in-house)
Lending
Banco de Crédito del Perú (in-house)Crédito Personal Yape (up to S/10,000)Crédito Negocio / Crédito Capital de Trabajo Yape (up to S/60,000)Yape micro-business credit (Bolivia, planned 2026)
Sponsor bank
Banco de Crédito del Perú
Accounting gap: minor