“Can Peru's dominant P2P wallet evolve into the financial super-app for the unbanked and SMBs across Andean Latin America?”
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.
Yape discloses Banco de Crédito del Perú (in-house) as its banking provider, with Banco de Crédito del Perú as its sponsor bank, according to the Embedded Finance Index 2026.
Yape does not disclose a bank charter of its own; its banking services are provided through Banco de Crédito del Perú.
Yape processes payments through Yape (self-operated, BCP-owned wallet), dLocal (acceptance of Yape as a payment method for cross-border merchants) and EBANX (direct integration for cross-border merchants accepting Yape).
Yape's lending and capital products are provided by Banco de Crédito del Perú (in-house).
The Embedded Finance Index 2026 maps 4 layers in Yape's stack: Payments / PSP (Yape (self-operated, BCP-owned wallet), dLocal (acceptance of Yape as a payment method for cross-border merchants) and 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) and Yape micro-business credit (Bolivia, planned 2026)); Sponsor bank (Banco de Crédito del Perú).
Yape is founded in 2017 and headquartered in Lima, Peru.
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