In the last five years the Peru has experienced a quiet but profound change: the transition from physical money to the digital ecosystem. This change is not happening because of a single technology, but because of one a series of advances that have built trust. Since the massive use of contactless and NFCuntil the acceptance of Payments via mobile phones, the appearance of interoperable QR and the emergence of new walletsThis is what the user found out Paying digitally is easier, faster and, above all, safer.
However, this development has not reached the entire country at the same speed. Structural factors such as Level of informality, limited banking coverage or uneven internet penetration (80% in urban areas compared to 40% in rural areas) continue to show gaps. Added to this is the Thousands of small and medium-sized companies are afraid of formalities, accounting or tax obligationsElements that slow down its integration into the digital ecosystem. The challenge for the next decade will be precisely to close these spaces, and this requires both Corporate innovation as a more flexible regulatory framework.
This is one of the greatest insights of this revolution A company cannot simply think of its payment strategy as “accepting everything.”. The variety of methods (digital banking, wallets, cards, QR, payment links, deposit/withdrawal) requires business decisions: the average ticket, the user type, the experience you want to provide and the speed the model requires.
A trade of education or tourismwith tickets over S/1,000, cannot rely solely on wallets with operating limits. In Sports bettingWhen a payment decision is made in seconds, the immediate QR code is crucial. For entrepreneurs who sell on social networks, the Payment link It is more effective than any other option. The equation is not “adding logos” but Design a smart mix that increases conversion, reduces friction, and is cost-effective.
Looking ahead, the industry faces two urgent tasks. Keep for the regulator clear rulesbut enable agile experimentation spaces, such as B. Sandboxes in which innovations can be tested in weeks rather than years. It is positive to see signs in this direction, from the SBS’s more open vision to the recent agreement between the BCR and India’s UPI systemthat showed the world how Interoperability can change an entire country.
The biggest mistake for companies would be to deny the speed of technological change. The next decade will not be evolutionary, will be disturbing: What we now understand as digital and physical payments is being replaced by more integrated, immediate and invisible experiences for the user. In four to five years we will see innovations that we cannot yet imagine today, such as fully digital systems The money will be anecdotal.
Maybe our relatives can’t believe we once paid with it Pieces of paper, so-called invoices. But that’s where we’re going. And those who do not adapt to this future (companies, institutions or users) will be excluded from a Ecosystem that will no longer stop. The digital money revolution is not just technological; It is cultural, economic and social. What we need to do now is to ensure that this is the case including.
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