More payment methods

Pago Efectivo

Pago Efectivo is a cash payment method tailored to the Latin American market, designed to facilitate secure online transactions for individuals who prefer or rely on cash payments. Developed to bridge the gap between digital commerce and traditional cash transactions, Pago Efectivo offers a unique solution that allows consumers to make online purchases using cash through a network of authorised payment points.

% of coverage
  • Country

    Peru

  • Population

    34 million (estimated)

  • Number of Internet users

    29 million (estimated)

  • Popular payment methods

    Credit Cards, Debit Cards, E-Wallets, Cash Payments, Bank Transfers

% of coverage
  • Credit Card

    30%

  • Debit Card

    25%

  • E-Wallets

    20%

  • Cash Payments

    15%

  • Bank Transfers

    8%

  • Other

    2%

Payment Method Overview
  • Type:Payment Voucher System
  • Currency:Peruvian Sol (PEN)
  • % of coverage:60% of Peru’s online cash payment transactions (estimated)
  • Money transfers to date: > 8 billion PEN (estimated)
  • Total customers: > 4 million (estimated)
  • Refunds:No
  • Chargebacks:No

About payment system

Pago Efectivo emerges as a vital bridge between the expanding world of e-commerce and the enduring preference for cash transactions in Latin America. With a substantial portion of consumers still relying on cash for payments, Pago Efectivo offers an innovative way to participate in the digital economy.

The payment process begins with the user selecting Pago Efectivo as their preferred payment method during the online checkout process. Once the purchase is confirmed, the user receives a payment voucher or code that they can take to an authorized payment point, which can include convenience stores, banks, and other retail locations. At the payment point, the user presents the code along with the cash payment, which is then processed and confirmed, finalizing the transaction.

This approach not only empowers consumers who prefer cash payments but also addresses concerns about online security. By using cash, users can avoid sharing sensitive financial information online while still enjoying the convenience of e-commerce.

Pago Efectivo collaborates with e-commerce platforms, online retailers, and financial institutions to expand its reach and offer this convenient payment option to a broader audience. The method also educates users about the benefits of digital transactions, encouraging the gradual adoption of digital payment methods while respecting individual preferences.

By facilitating cash-based transactions in the digital realm, Pago Efectivo plays a pivotal role in driving financial inclusion and fostering a more comprehensive digital economy across Latin America. It recognizes the importance of catering to diverse payment preferences while contributing to the modernization of traditional payment methods.

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Payment flow

The customer selects Visa as their payment option and enters their credit card details to complete the payment.

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Pricing

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