Since its launch in 2016 by BCP, Yape has become Peru’s most transformative FinTech platform, redefining how millions of people access, move, and manage money. What began as a peer-to-peer payment app has evolved into a comprehensive financial superapp that empowers over 15 million active users to make payments, access loans, buy insurance, send remittances, and even purchase non-financial services, all within one intuitive ecosystem, processing over S/38 billion in annual transaction volume in 2025. Created to remove the barriers of cash dependency and bridge the gap between traditional banking and the unbanked, Yape’s purpose —to simplify people’s daily lives so they can keep moving forward— has guided every innovation, from instant QR payments to AI-driven credit scoring and inclusive design. By 2025, it had become Peru’s main driver of financial inclusion, formally integrating 5.7 million people into the financial system, improving the financial health of households and strengthening their economic resilience.
Yape’s technological backbone relies on cloud computing, artificial intelligence, and advanced data analytics, allowing it to process millions of transactions securely and instantly. In 2025, Yape advanced the implementation of Web Content Accessibility Guidelines (WCAG) across key functionalities —onboarding, login, home, transfers, and top-ups— ensuring full screen-reader compatibility. More than 117,000 visually impaired users can now navigate the app seamlessly, a milestone that reflects Yape’s broader vision of digital accessibility supported by inclusive design systems, technical training, and accessibility testing embedded in every release. This focus on technology with purpose has enabled scalability without losing sight of social impact.
Over the past decade, Yape’s trajectory has been marked by growth and measurable transformation. After its pilot launch for BCP clients in 2017 and public expansion in 2018–2019, the platform reached 10 million active users by 2022 and launched Yape with ID. By 2024 it achieved operational profitability, expanded into Bolivia, and enabled 670,000 users to obtain their first formal loan in the financial system, of which 41% are women. In 2025 it exceeded 15 million active users, with more than nine million transacting daily and over S/ 38 billion moved across the platform. Each user performed an average of 58 transactions per month, confirming Yape’s role in daily financial life. It facilitated 1.2 million digital loans monthly, nearly one 1 million of them to first-time borrowers (40% are women), and introduced Yape Health Insurance, offering virtual medical consultations and hospitalization coverage. The ecosystem also grew in reach, adding 136,000 rural micro-businesses to its merchant network and training 140,000 users through Learn with Yape its free financial education platform.
Beyond technology, Yape represents inclusive progress. By digitizing payments for households and small businesses, it fosters formalization, reduces reliance on cash, and improves financial security. Between 2020 and 2024, over five 5 million new users —mostly women and young people— accessed financial products for the first time through Yape, many of them with only a national ID and no prior banking relationship. Its programs in southern Peru, particularly in Cusco and Puno, use territorial intelligence and community engagement to build trust in digital finance and reach rural micro-businesses historically excluded by distance, informality and cash-dependence. In 2025, the For a Peru for All initiative united financial inclusion, sports, and social responsibility, promoting optimism and opportunity through education, partnerships, and national pride.
Yape is now a strategic growth platform at the core of BCP’s business model and a key innovation engine within the Credicorp ecosystem. It drives new revenue streams, expands access to credit, powers data-driven decision-making across payments, financing, and commerce, and operates with banking-grade security, regulatory compliance, and transparent data governance, reinforcing user trust at scale. Its modular, cloud-native architecture enables rapid replication in new Latin American markets with minimal incremental cost. Its diversified services include interoperable payments with other wallets such as Plin (a competing bank wallet in Peru), AI-powered microloans, digital insurance for phones, health and life, foreign exchange, remittances, bill payments, promotions, e-commerce, and non-financial services like event tickets, travel, and marketplace purchases. This breadth consolidates Yape as a cornerstone of digital transformation in Peru’s financial sector and a benchmark for inclusive FinTech models in the region.
Recognized for three consecutive years as Peru’s number one brand in customer experience and awarded Effie and ANDA prizes for innovation and brand excellence, Yape continues to lead in usability, reliability, and emotional connection with users. Its expansion into Bolivia marks the beginning of a regional growth plan. By combining financial technology, accessibility, and social purpose, Yape has reshaped Peru’s digital economy from the ground up —connecting millions to the formal system while creating sustainable value. With massive transaction volumes and an expanding suite of services, it stands as a model of FinTech innovation with measurable human impact. For the Bold Awards, Yape embodies what it means to be bold: using technology not only to innovate but to transform lives, empower communities, and build a more inclusive digital future: technology with purpose, disruption with verified impact, and growth with a human heart.
