Which country uses Yape?
Yape is primarily used in Peru. Yape is a mobile payment application created by Banco de Crédito del Perú. It serves as an alternative to traditional banking. The wallet is connected to the phone number of the users, enabling users to transfer funds by using their phone numbers instead of banking details.Yape is a popular digital wallet and mobile payment app in Peru, developed by Banco de Crédito del Perú (BCP).
What is Yape?
Yape (pronounced [ˈʝape]) is a super-app digital wallet and mobile payment application developed by the Banco de Crédito del Perú (BCP) in 2016. It was designed to simplify financial transactions for individuals and businesses. As of 2025, it has over 20 million users. Download the Yape app from the Google Play Store or the Apple App Store. Open the app and register using your phone number. Link your bank account, debit card, or prepaid wallet to the app. If you are a BCP customer, the process is even simpler, as you can use your existing BCP credentials.
How does Yape make money?
Yape monetizes through its three main business lines: payments, finance and marketplace. Thanks to these venues, the application reported total income of nearly S/ 143 million in 2Q24. Yape (pronounced [ˈʝape]) is a super-app digital wallet and mobile payment application developed by the Banco de Crédito del Perú (BCP) in 2016. It was designed to simplify financial transactions for individuals and businesses. As of 2025, it has over 20 million users.