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Plin
Plin is one of Peru's leading digital wallets supported by several major banks, including BBVA and Scotiabank. PLIN offers functionalities such as sending money, paying bills, and making purchases.
Method
Plin
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
E-wallet
Local Card Scheme
Users
14M
Disbursements
No
No
Chargebacks
No
Authorization currency
PEN
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Digital wallets like PLIN have played a crucial role in advancing financial inclusion in Peru, with over half of the adult population using these tools
PLIN's success is largely due to the mandated payment interoperability by Peru's Central Reserve Bank (BCRP). This allows seamless transactions between PLIN and other platforms like Yape
