🇵🇪 Pay Suppliers in Peru
Pay Peruvian suppliers for copper, textiles, agricultural products, seafood
T+0 (2.3s avg within Unicorn network). Save 82% vs traditional banks.
What you need to send money to Peru
What details do I need to pay suppliers in Peru?
To pay suppliers in Peru you need the recipient's CCI (20-digit Código de Cuenta Interbancario), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Peru?
Payments to Peru settle in an average of 2.3 seconds when using local rails such as Plin, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Peru?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 82% versus banks (e.g. £505 vs £2824 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Peru
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.8% | 0.5% |
| Payment Fee | £24 | £5 |
| Total Cost (£100,000) | £2,824 | £505 |
| YOUR SAVINGS | N/A | £2,319 (82%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Peru
Avoid expensive SWIFT fees. We use local payment systems in Peru for faster, cheaper settlement.
Plin
Peru instant payment app, growing adoption
Yape
BCP instant payment platform
Sistema de Liquidación Bruta en Tiempo Real
Central Reserve Bank of Peru RTGS
Who Uses This Payment Corridor
Key Industries in Peru
- Mining
- Textiles
- Agriculture
- Seafood
- Manufacturing
Average Transaction: £35k-£165k
Typical Monthly Volume: £220k-£2.2M
Popular Supplier Types
- Copper mines (Arequipa, Cusco)
- Textile manufacturers (Lima, Arequipa)
- Agricultural exporters (La Libertad)
- Seafood processors (Paracas, Chimbote)
What You Need to Know: Peru Payments
Regulatory Considerations
- Banco Central de Reserva del Perú regulations
- SUNAT (Tax Authority) documentation
- IGV (VAT 18%) on goods and services
- Mining sector oversight
Payment Tips for Peru
- Peru = Copper/silver leader, textile exporter
- Plin/Yape gaining traction for PEN payments
- Lima = Main business hub
- Strong textile manufacturing (Pima cotton) - competitive pricing
Why Choose Unicorn for Peru Payments
Local Rails, Not SWIFT
We use Plin and other local systems in Peru. Avoid 3-4% SWIFT fees and 2-3 day delays.
82% Lower Costs
Save £2,319 on every £100,000 payment. On £220k-£2.2M monthly volume, save up to £69,570 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Peru payments.
Real-Time FX Tracking
Upload supplier invoices in PEN. See live P/L as GBP/PEN rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Peru? Save 82%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Peru
For businesses with high annual FX volume. Not consumer transfers.