Inswitch consolidates its growth in Peru with its Embedded Finance platform.

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We have joined Fintech Peru to strengthen our presence in Latin America as a FinTech brand, specially in the country.

We started in 2021, deploying the platform in Peru to provide all Peruvian companies and businesses around the world with access to all major payment methods, credit cards, bank payments, more than 100,000 collection points, and over 12,500 cash disbursement points. With this association, our portfolio of fintech solutions is available to all Fintech Peru partners, such as issuing physical and virtual debit/credit cards, real-time deposits and withdrawals, connection with all local banks, and a flexible banking core through APIs, among other solutions of our platform.

With this, Inswitch ensures to clients, both in Peru and the region, the access to the most comprehensive fintech stack in LATAM including:

  • The broadest coverage of payment methods and their online and real-time processing. 
  • Digital banking core.
  • Issuance and processing of physical and digital cards. 
  • Single integration and contract for multiple countries. 
  • Specialized 24/7 support. 
  • Integrated analytics and predictive models that provide tools for fraud prevention and risk mitigation in payments. 
  • High-security standards such as PCI DSS certification, business rule configuration, secure APIs based on OAuth 2.0, among others.
  • Online real-time dashboards for automated management of transaction reconciliations.

Peru is key to Inswitch as the fintech industry has consolidated and continues to grow in the country. Therefore, we aim to provide value and collaborate to continue driving the industry in this country. Likewise, many regional or global companies are considering their landing in Peru, and Inswitch's solutions allow them a simplified landing in a market of more than 30 million individuals without the need to have a local entity.

For Ronald Alvarenga, CEO of Inswitch, "the partnership with Fintech Peru is key as it allows us to promote and strengthen the development of e-commerce, fintechs, consumer goods and retail companies, and collaborative economies, among others, through an understanding of economic dynamics, as well as through our Fintech as a Service platform that provides different payment methods for businesses."

We are convinced that the fintech industry will grow even more in Peru in 2023. Among the outstanding clients already using Inswitch's solutions in Peru we can find FPay, Falabella's mobile wallet.

Adolfo Pittaluga, CEO of FPay, said, "With the ecosystem and service to load and withdraw money through Inswitch's powerful network in Peru, we can fulfill our purpose: 'to simplify payments for all Peruvians,' strengthening our value proposition and contributing to financial inclusion through our simple and secure digital payment solution. By topping up the Fpay app with cash, anyone can transfer money to their mobile contacts, pay with QR code at associated merchants, and access discounts and benefits such as the CMR Points program."

If you're interested in adding payment methods, issuing programs, or need a tailored banking core to grow more rapidly in Peru or throughout LATAM, contact us. We know how to help you.

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