In a press conference, Raimundo Morales, CEO of Yape, BCP’s digital wallet, announced that due to the constant growth of Yape since 2020 and after having reached more than 10 million users, the application is preparing a new functionality that will allow granting microcredits of between S/ 150 and S/ 200 that would be automatically disbursed in a single installment; and that they can be paid in 15, 20, 25 or 30 days.
As Morales stated, with this functionality they hope to “impact 1.3 million yaperos” and grant 60 thousand credits. In addition, he announced that they hope to implement “Yape Promos” soon, which will give a series of exclusive benefits to its user community; and “Payment of Services” in the main companies in the market.
Since mid-2020, Yape has managed to grow more than 200% and they expect to close the year with more than 11 million users nationwide, according to Morales.
challenges
According to Morales’ presentation, despite the constant growth in affiliates registered by Yape (between 5% and 8% monthly according to the CEO), there are still challenges that must be worked on.
According to the survey carried out by Ipsos Apoyo and Yape, 72% of people would use more means of payment if the security of the operation was guaranteed and 68% would do so if they knew better how to use them.
Also…
figures
As commented by the CEO of Yape, Raimundo Morales;
- The app is used by 6 million recurring users, making transactions in the last 30 days.
- 78 million monthly transactions have been made through the application in the last 4 months.
- Monthly, 553 thousand downloads of the application are made, achieving on average the affiliation of 74% of these.