Yape

Type: Mobile Payment Platform

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About Yape

Founded	2017
Headquarters	Lima, Peru
Market share	Yape is one of the leading mobile payment platforms in Peru, competing with other local and international services.
Major competitors	Plin Tunki Bim PayPal
Notable partnerships	Local banks such as Banco de Crédito del Perú and Interbank. Retailers and e-commerce platforms for seamless payment integration. Telecommunications companies to enhance mobile accessibility.
Recent developments	Expansion of services to include bill payments and online shopping. Partnerships with local merchants to enhance user experience. Launch of a loyalty program to incentivize frequent users.
Regulations	Yape operates under the regulations set by the Central Reserve Bank of Peru and complies with local financial laws.
Security	Two-factor authentication for enhanced security. Encryption of user data and transactions.
Official website	https://www.yape.com.pe