Most popular in-store, or POS, payment methods in Peru 2019-2022
share of contactless in P2P payments in Peru, for example, was higher than that in other Latin American countrie, including Argentina, Mexico, and Brazil.
The share of cash in Peru declined during the COVID-19 pandemic, but remained the most used payment available in POS. Accounting for more than 40 percent of spending within physical stores in 2021, paper money and coins were use more frequently than both credit and debit cards. That said, both debit cards and wallets saw increasing use. The