yape

What yape does

Yape is a mobile payment super-app developed and operated by Banco de Crédito del Perú (BCP), Peru's largest bank and a subsidiary of publicly traded Credicorp Ltd. (NYSE: BAP). The core product enables free peer-to-peer money transfers via QR code or phone number and merchant QR payments, and is interoperable with Plin — together the two wallets process nearly 90% of Peru's in-person digital wallet transactions. As of Q4 2025, Yape had reached more than 19 million registered users and 16 million monthly active users in Peru, plus over 3 million users in Bolivia following its 2023 expansion.

The platform's underlying technology combines QR-code payment infrastructure, phone-number-based addressing, biometric authentication, and DNI-based registration that auto-creates a BCP savings account, enabling financial inclusion for unbanked users. Beyond core payments, Yape has expanded into a full super-app ecosystem spanning Yape Empresa (SMB merchant accounts with a 2.95% transaction fee), Yape Créditos (digital lending), Yape Remesas and Yape al Exterior (remittances), Yape Tienda (marketplace), five insurance products (SOAT, Vida, Salud, Vehicular, Emprendedor), Yape Hijos (parental-controlled youth sub-accounts for ages 10–17), currency exchange, bill pay, transit recharges, gaming gift cards, event ticketing, and Yaprendiendo (free financial education).

The business model is anchored on a freemium consumer experience (free P2P transfers, basic wallet services) subsidized by merchant transaction fees (2.95% on Yape Empresa sales), complemented by revenue from credit origination, insurance distribution, marketplace commissions, FX margins, remittance fees, and promotional commerce. Distribution is mobile-first via iOS, Google Play, and Huawei AppGallery, layered with BCP's bank-branch network, native interoperability with Plin/Niubiz/Izipay/Culqi, and integration partners including EBANX (cross-border acceptance) and Bybit Pay (crypto payments in Peru and Bolivia). Yape contributed 23% of Credicorp's digital business revenues and 7.2% of risk-adjusted revenue in Q4 2025, making it a strategically critical digital channel for the parent group's broader financial services franchise.

Name

yape

Legal name

Yape

Website

https://yape.com.pe

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

Yape is a mobile payment super-app operated by Banco de Crédito del Perú (BCP) serving 19M+ registered users (16M MAU) in Peru and 3M+ in Bolivia. It offers free P2P and QR payments to consumers, merchant services to SMBs, and an expanding suite of lending, insurance, remittances, and marketplace modules.

Ownership category

akta.pro rank

Headquarters

HQ city

Lima

HQ country

Peru

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure

Revenue model

1. Yape Empresa Transaction Fees: Business merchants using Yape Empresa pay a 2.95% fee on processed sales transactions. This is the primary revenue stream from B2B services.
2. Basic Consumer Services: Free peer-to-peer transfers and basic wallet services for consumer users, subsidizing adoption and network growth

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

Yape is a mobile digital wallet application that enables instant peer-to-peer money transfers via QR code or phone number, merchant payment acceptance, bill payments, mobile recharges, currency exchange, and access to credit, insurance, remittances, and e-commerce. Operated by Banco de Crédito del Perú (BCP), it serves over 19 million users in Peru and 3 million in Bolivia through a super-app ecosystem combining payments, lending, insurance, ticketing, and marketplace services.

Product overview

Yape is a mobile payment super-app developed by Banco de Crédito del Perú (BCP) offering a comprehensive suite of financial services through a unified platform. The core product enables instant money transfers via QR code or phone number, complemented by an extensive ecosystem of modules including personal loans (Yape Créditos), business management (Yape Empresa with 2.95% transaction fee), e-commerce marketplace (Yape Tienda), insurance products (SOAT, Vida, Salud, Vehicular, Emprendedor), event ticketing (Entradas), gaming gift cards (Gaming), international remittances (Remesas, Yape al Exterior), bill payment (Yapear Servicios), currency exchange (Cambiar Dólares), and educational content (Yaprendiendo). The app serves over 19 million users in Peru and has expanded to Bolivia with a localized version, holding approximately 90% market share of in-person digital wallet transactions.

Differentiator

Problem solved

Functional benefit

Brands

• Yape Empresa: Business profile within Yape that allows businesses to manage sales, add up to 5 assistants, generate sales reports, and receive payments up to S/999.99 per transaction with a 2.95% daily sales fee.
• Yape Tienda
• Yape Promos
• Yape Remesas
• Yaprendiendo
• Yape Créditos
• Yape Hijos

Products and services

• Yape (Core App)

Quantifiable outcome

• 19+ million registered users representing over 50% of Peru's population
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Bybit PaycoreTechnology or Integration · 1 January 2024Bybit Pay partnered with Yape to enable cryptocurrency payment functionality for Yape users in Bolivia and Peru. This integration allows Bybit users to make payments using crypto assets through Yape's payment infrastructure, bridging traditional mobile payments with cryptocurrency ecosystems.
• EBANXcoreTechnology or IntegrationEBANX partnered with Yape to enable cross-border payment acceptance for international merchants wanting to serve Yape users in Peru. This partnership facilitates international businesses in accepting Yape as a payment method for e-commerce transactions.
• PlincoreTechnology or IntegrationPlin partnered with Yape and Bybit to enable cryptocurrency payments in Peru, complementing Yape's existing P2P payment capabilities with crypto payment options for merchants and consumers.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Plin: Peru's leading interoperable digital wallet, backed by a consortium of Peruvian banks including BBVA, Interbank, and Scotiabank. Plin is Yape's closest direct competitor and interoperability partner, together processing ~90% of Peru's in-person digital wallet transactions.
• MercadoPago: The payments and digital wallet arm of Mercado Libre, offering QR payments, P2P transfers, credit, and merchant services across Latin America. Comparable to Yape in mobile wallet functionality and merchant acceptance, though operating at a much larger regional scale.
• Nequi: Bank-backed digital wallet operated by Bancolombia in Colombia offering QR payments, P2P transfers, savings, and credit. Closely analogous to Yape's BCP-backed model, serving unbanked and underbanked segments with a mobile-first super-app approach.
• Daviplata: Digital wallet subsidiary of Banco Davivienda in Colombia, offering P2P transfers, bill payments, and merchant QR acceptance. Directly comparable to Yape as a bank-anchored mass-market wallet targeting financial inclusion in a Latin American market.
• Tigo Money: Mobile money wallet operated by Millicom across Latin America (Bolivia, Paraguay, Colombia, Guatemala, Honduras). Closely comparable to Yape's QR-based, bank-partnered wallet model, especially relevant given Tigo Money's existing presence in Bolivia where Yape is expanding.

Broad incumbents

• M-Pesa: Vodafone-backed mobile money platform originating in Kenya and now operating across Africa and select Asian markets. Comparable to Yape as a bank-distributed mobile wallet targeting unbanked populations with P2P and merchant payments.

Emerging players

• Nubank (NuPay): Brazilian digital bank and wallet from Nubank offering payments, credit, and merchant services. Comparable to Yape as a digital-first consumer finance platform rapidly scaling across Latin America, with broader product depth and stronger consumer brand.
• PicPay: Brazilian digital wallet and payments platform offering P2P transfers, QR payments, and merchant services. Comparable to Yape in core wallet functionality and target on digitizing a cash-heavy Latin American retail economy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/yapeoficial
• LinkedInlinkedin.com/company/yapeapp

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about yape