Jet Peru

What Jet Peru does

Jet Peru (legal entity: JET PERU S.A.) is a privately held Peruvian financial services company founded in 1981 in Caracas, Venezuela by an immigrant entrepreneur, with Peruvian operations headquartered in San Isidro, Lima since being licensed by the SBS in 2000. The company operates three core business lines under separate SBS authorizations: international remittances (sending and receiving across 70+ countries), foreign currency exchange in USD, EUR, and Peruvian soles, and electronic money issuance through its sister brand Jet Cash. It serves individual Peruvian consumers and migrant worker families transferring funds domestically and across borders, as well as enterprise clients in the global remittance and fintech sectors that require licensed payout infrastructure in Latin America.

The product platform is a regulated, multi-channel fintech stack combining a physical retail network of 28 branded agencies across Peru plus two offices in Chile with digital channels including the jetperu.com.pe web portal, WhatsApp-based ordering and customer service, the Jet Cash mobile and web wallet, and a self-service currency exchange kiosk at the San Isidro headquarters. Jet Peru holds three SBS licenses — cross-border fund transfers, Casa de Cambio currency exchange (the first granted in Peru in 2009), and Electronic Money Issuance (obtained in 2016 via Jet Cash) — and integrates with major Peruvian banks including BCP, Interbank, Pichincha, BanBif, BBVA, and Scotiabank to enable instant settlement and electronic invoicing. International reach is delivered through 80+ correspondent and agent agreements providing 1,000+ payout locations in the United States alone and tens to hundreds across Europe and Latin America.

Revenue is generated primarily through transaction-based fees on remittance corridors (e.g., flat fees of $3-$20 for intra-LatAm routes, 3% on USA-bound sends above $100), FX spreads on currency exchange, and wallet/payment fees from Jet Cash. The B2B segment monetizes Jet Peru's licensed payout network on behalf of large remittance companies, operating as payments-as-a-service infrastructure for global senders. The company employs 101-250 staff, remains privately held with no disclosed institutional investment, and refreshed its brand identity in 2023 after four decades of continuous operation.

Name

Jet Peru

Legal name

JET PERU S.A.

Website

https://jetperu.com.pe

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

101–250 employees

Short description

Jet Peru provides international remittance, foreign currency exchange, and digital wallet services to Peruvian consumers, migrant workers, and enterprise fintech clients. It operates 30+ retail agencies across Peru and Chile and a regulated payout network spanning 70+ countries.

Ownership category

akta.pro rank

Product category

Remittance and Currency Exchange Services

SIC

Finance Services (6199)

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industries

P2P Transfers & Remittances Platforms (BPAMAFAE), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Money transfer services
• Currency exchange services
• Cross-border remittances
• Digital wallet payments
• B2B payout infrastructure

Headquarters

HQ city

San Isidro

HQ country

Peru

HQ region

Latin America

Offices27 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Remittance Transfer Fees: Transaction-based fees charged per remittance sent internationally. Fees vary by destination country and amount tier, typically ranging from flat fees (e.g., $3-20) to percentage-based fees (1-3%) depending on corridor and payment method.
2. Currency Exchange Spreads: Revenue generated from the spread between buy and sell rates for USD, EUR, and other currencies. The company advertises competitive exchange rates for both remittance and cash currency exchange services.
3. Enterprise Cross-Border Payment Services: B2B services for fintech companies and large remittance networks to pay out remittances in Peru and other countries where Jet Peru operates, leveraging their technology and regulatory licenses.
4. Jet Cash Electronic Money: Digital wallet services generating revenue through payment processing and wallet-to-wallet transfers within the Jet Peru ecosystem.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels5 records

Core offering

Jet Peru provides international remittance services (sending and receiving money to/from more than 70 countries), foreign currency exchange (USD, EUR, and Peruvian Soles), and the Jet Cash SBS-licensed digital wallet for electronic money transfers. The company also operates a B2B cross-border payout service for fintechs and large remittance networks, leveraging its 28 proprietary Peruvian agencies, 2 Chilean offices, and 80+ international partner agent agreements.

Product overview

Jet Peru is a Peruvian financial services company offering three core product lines: international remittances (sending and receiving money to/from 70+ countries), foreign currency exchange (USD/EUR/Soles), and the Jet Cash digital wallet. Its product portfolio consists of a physical agency network (28 branches across Peru and 2 in Chile), a digital remittance channel (web + WhatsApp), a currency exchange service (agencies + self-service kiosk + online app), and an enterprise B2B payouts API for fintechs and large remittance companies. The Jet Cash wallet serves as the digital payments layer, while the Electronic Invoice Portal handles corporate billing. All services are regulated by Peru's SBS and operate under SBS licenses for fund transfers, currency exchange, and electronic money.

Differentiator

Problem solved

Functional benefit

Brands

• Jet Cash: Digital wallet and electronic money service for sending and receiving money in Peru

Products and services

• International Remittance Service (Enviar/Recibir Dinero)

Quantifiable outcome

• Over 43 years of operational experience in remittances and currency exchange
• +3 more outcomes

Named customers4 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

Integration8 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• AFEX (Chile)coreChannel Partner/ Reseller/ DistributorAFEX is a partner agent network in Chile where Jet Peru remittance beneficiaries can collect cash. Locations include Santiago (Moneda, Agustinas, Catedral, Providencia, El Golf, Mall Parque Arauco, Mall Plaza Norte, Recoleta), Iquique, Antofagasta, Coquimbo, La Serena, Temuco, Puerto Varas, Puerto Montt, Arica, and Calama. AFEX operates under Jet Peru's remittance payout agreements in Chile.
• Italcambio (Venezuela)coreChannel Partner/ Reseller/ DistributorItalcambio is the ally agency in Caracas, Venezuela for cash payout of Jet Peru remittances in dollars or bolivares. Located in Caracas (Centro Lido, Camoruco, El Paraiso, Altamira, Concresa, Plaza Las Americas) and Barquisimeto.
• International Correspondent Banks and Agent NetworkscoreChannel Partner/ Reseller/ DistributorOver 80 international commercial agreements with correspondent banks and agent networks enabling cash payouts in 70+ countries. Includes 1,000+ partner locations in USA, 60+ in England, 40+ in Italy and Spain, 50+ in Colombia, 40+ in Ecuador, 30+ in Argentina, 10+ in Brazil and Venezuela.
• SBS (Superintendencia de Banca, Seguros y AFP)coreOthersRegulatory oversight by Peru's banking and securities regulator. Jet Peru is registered and supervised by SBS since 2000 under Resolution SBS N° 061-2000. Holds three SBS licenses: cross-border fund transfers, currency exchange, and electronic money issuer (Jet Cash).

Scale indicators7 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Intermex: Money transmitter specializing in US-to-Mexico and US-to-LATAM remittances with both consumer and B2B payout services — directly comparable to Jet Peru's hybrid consumer-plus-enterprise positioning in LATAM corridors.
• Global66: LATAM-focused digital remittance and multi-currency payments fintech that competes directly with Jet Peru in Peru-to-LATAM corridors (Chile, Argentina, Colombia, Bolivia, Venezuela) with mobile-first flows and aggressive FX positioning.
• AFEX: LATAM cash-pickup agent network and FX house present in Chile (Santiago plus multiple regional cities); acts as a Jet Peru correspondent in Chile but also competes directly as a cash-pickup and currency-exchange provider across the region.
• Italcambio: Venezuelan-anchored remittance and FX operator serving as Jet Peru's cash-payout ally in Venezuela; competes in the same Venezuela-receiving corridor as Jet Peru and in broader LATAM cash-exchange services.
• Remitly: US-headquartered digital remittance app with a strong Peru and LATAM receiving-corridor offering; competes for the same migrant-sending population as Jet Peru but with a digital-only model that challenges Jet Peru's agency footprint.

Broad incumbents

• Xoom (a PayPal service): PayPal-owned digital money transfer service with strong LATAM receiving-network coverage; targets the same digital-first migrant senders in the US-to-Peru and intra-LATAM corridors where Jet Peru operates.
• Western Union: Global remittance incumbent with the largest agent footprint worldwide; competes head-on in Jet Peru's Peru–USA, Peru–Europe, and intra-LATAM corridors and overlaps in cash-pickup and bank-deposit modalities.
• MoneyGram: Global cross-border P2P payments and money transfer incumbent; offers direct overlap with Jet Peru in LATAM sending and receiving corridors across app, web, and agent channels.

Regional players

• Dol.nal / similar Argentine money transfer peer: Regional LATAM money transfer and FX operators serving Argentina and adjacent corridors (e.g., Dol.nal, Western Union subsidiaries, Girodiversiones); comparable to Jet Peru's Peru-anchored hybrid retail/agencies model within the broader LATAM cash-remittance category.

Emerging players

• Wise: Digital cross-border payments platform with mid-market FX rates expanding into LATAM; an emerging threat to Jet Peru's spread-based pricing on USD/EUR/PEN corridors and an overlap in consumer use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/jetperu.oficial
• LinkedInlinkedin.com/company/jet-peru
• Instagraminstagram.com/jet_peru_oficial
• Xx.com/jetperuoficial

Compliance5 records

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 Jet Peru