Peru ranks 6th in Latin America in terms of the number of Fintech startups and the importance of its Fintech ecosystem. In Fintech, the country is still ways behind the regional heavyweights Brazil and Mexico, as well as other medium-sized economies like Chile, Colombia and Argentina.
Yet, Peru has many of the key ingredients that favor Fintech solutions:
- A large informal and underbanked sector (>70% of the workforce and >90% of SMEs)
- A financial system dominated by a few legacy banks
- A large, young population of digital natives
In our factsheet you will learn more about Peru's fintech ecosystem and why it is important for Swiss SMEs to start exploring its potential early on.