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Tambo
Tambo is a Peruvian store chain offering an alternative payment method that allow users to conduct online transactions using cash. This system involve purchasing payment vouchers or codes with cash, which can then be used for e-commerce.
Method
Tambo
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
$25.00
Authorization currency
PEN
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Convenience: The ability to pay at physical locations using cash offers a straightforward solution for those who may not be comfortable with or have access to digital payment methods. Locations such as convenience stores and supermarkets facilitate these transactions
