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Scotiabank
The system allows consumers to make online purchases by generating a unique code for their transaction, which they can then pay at designated physical locations such as banks and convenience stores. Once the payment is confirmed, the e-commerce site processes the order, making it a secure option for consumers who prefer cash over digital payments
Method
Scotiabank
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
No
Authorization currency
PEN
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
As part of the Scotiabank Group, it benefits from international reach and expertise
Growing E-commerce: As online shopping increases, so does the need for reliable payment methods. Cash payments provide a bridge for those who may not have access to credit cards or bank accounts but still wish to engage in e-commerce
