🇨🇦→🇵🇪

Send Money from Canada to Peru

Businesses in Canada paying Peru suppliers for Mining. Send CAD from Canada, receive PEN in Peru with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local CAD collection + local PEN delivery = no correspondent bank fees

Save £2,319 per £100k Payment

Canada to Peru corridor savings

Traditional Bank

£2,824

❌ 2-3 day settlement
❌ Multiple correspondent banks
❌ Hidden FX margins
❌ High SWIFT fees

Unicorn Currencies

£505

✓ T+0 (2.3s avg within Unicorn network)
✓ Local CAD collection
✓ Transparent 0.5% spread
✓ Plin

Your Savings

82%

£2,319 per £100k

At £300k-£3M monthly, save £5,803/year

Sending from Canada: What You Need to Know

CAD Origin Specifics

CAD commodity currency (tracks oil/resources)
Interac e-Transfer for fast payments
FINTRAC oversight

Your Local Advantages

Local CAD account available
EFT (Electronic Funds Transfer) instant collection
No correspondent bank fees on origin side

Local Collection Method

EFT (Electronic Funds Transfer)

T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.

Paying Suppliers in Peru: Compliance & Requirements

Regulatory Considerations

Banco Central de Reserva del Perú regulations
SUNAT (Tax Authority) documentation
IGV (VAT 18%) on goods and services
Mining sector oversight

Payment Best Practices

Peru = Copper/silver leader, textile exporter
Plin/Yape gaining traction for PEN payments
Lima = Main business hub
Strong textile manufacturing (Pima cotton) - competitive pricing

Destination Settlement

T+0 (2.3s avg within Unicorn network)

via Plin

Canada → Peru Corridor Insights

Popular Industries

Mining
Textiles
Agriculture

Peak Trading Hours

EST/PST (GMT-5/-8) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor

Monthly volume: £300k-£3M

Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Frequently Asked Questions: CAD-PEN Payments

How fast are CAD-PEN payments?

CAD-PEN payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.

What does a CAD-PEN transfer cost?

Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for CAD-PEN transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.

What exchange rate do I get for CAD-PEN?

You get real-time wholesale CAD-PEN exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.

Can I lock the CAD-PEN rate in advance?

Yes, forward contracts are available for CAD-PEN payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.

What details do I need for CAD-PEN payments?

Beneficiary details vary by destination. For Peru payments, you typically need the recipient's local account details (Plin), account number, and beneficiary name. Some destinations may also require local clearing codes.

Ready to Send CAD from Canada to Peru?

Save 82% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.

Open Account View Peru Details

Bank of Canada registered PSP | FINTRAC licensed MSB