EBANX Integrates Yape Wallet for Cross-Border Peru Payments

EBANX has launched a direct integration with Yape, Peru's digital wallet platform, enabling cross-border merchants to access the country's expanding e-commerce market. 

The partnership allows global merchants to accept payments from Yape's 14 million active users through wallet balances or linked cards.

The integration supports both one-time and recurring payments through Yape's enrollment process. 

According to Payments and Commerce Market Intelligence, Yape captured the largest share of Peru's online digital wallet transaction volume in 2024.

Peru market shows growth potential

EBANX's Beyond Borders 2025 study projects Peru's e-commerce market will reach US$60bn by 2027, representing annual growth rates that position the country as a key target for international merchants. 

Digital wallets accounted for 10% of the country's total digital commerce transactions in 2024, with their share expected to grow at 17% annually through 2027.

The platform reports a 93% approval rate on transactions according to internal company data. 

This positions Yape as a payment solution for businesses targeting Peru's digital economy, particularly for subscription services and recurring payment models where high approval rates drive revenue retention.

"With over 14 million active Peruvian users, Yape empowers millions of consumers with reliable daily transactions," says Claudia Silva, Head of Payments at Yape. 

"This direct integration with EBANX marks a step in expanding our reach to global merchants, allowing them to tap into the potential of the Peruvian market."

Digital infrastructure drives adoption

The partnership addresses merchant demand for payment solutions that can handle both immediate purchases and subscription-based services. 

Digital wallets are becoming preferred options for recurring transactions due to features that improve approval rates compared to traditional card payments.

Cross-border e-commerce companies face particular challenges in Latin American markets, where payment preferences often differ from North American and European standards. Local payment methods frequently outperform international card networks in terms of both user adoption and transaction success rates.

Peru's digital payment infrastructure has evolved rapidly, with mobile-first solutions gaining traction among consumers who prioritise convenience and security. 

The country's regulatory environment has supported fintech innovation, creating conditions for digital wallet adoption across demographic segments.

Merchant expansion opportunities

EBANX's partnership with Yape represents part of the Brazilian company's strategy to expand payment options across Latin America. 

The platform connects global businesses with emerging digital markets through local payment methods and cross-border infrastructure.

The integration comes as international e-commerce companies seek to expand into Latin American markets, where mobile-first payment solutions often provide better user experiences than traditional banking infrastructure. 

Peru's digital economy presents opportunities for global merchants, particularly in sectors such as streaming services, gaming, and digital subscriptions.

Subscription-based businesses face particular challenges in cross-border payments, where failed transactions can result in customer churn. 

High approval rates become crucial for maintaining recurring revenue streams, making Yape's performance metrics relevant for international merchants evaluating market entry strategies.

"Through partnership with Yape, EBANX enables merchants to access a seamless, secure, and high-conversion payment solution that drives immediate results, for one-time purchases as well as for subscription-based services and recurring payments," explains Juliana Etcheverry, Director of LatAm Country Growth - South Cone at EBANX.

Technology integration details

The technical integration allows users to complete payments through Yape's existing interface, maintaining familiar user experiences while enabling cross-border transactions. 

Merchants can access Yape payments through EBANX's existing API infrastructure, reducing implementation complexity for businesses already using the platform.

Payment processing occurs through EBANX's established cross-border infrastructure, which handles currency conversion, compliance, and settlement processes. 

This approach allows merchants to accept Yape payments without establishing direct relationships with Peruvian financial institutions.

EBANX operates payment platforms across Latin America, Africa, and Asia, offering local payment methods to global companies. 

The company was founded in 2012 in Brazil and has built infrastructure to support cross-border payments in emerging markets where traditional banking penetration remains limited.

The partnership extends beyond payment processing to include fraud prevention, customer support, and regulatory compliance services. These components address common barriers that international merchants face when expanding into new markets.

"This partnership goes beyond payments; it's about fostering scalable, long-term growth for merchants in a rapidly evolving market," Etcheverry adds.