Coinepay Global Remittance lets you send money to Peru from your verified account, with the exchange rate and fees shown clearly before you confirm. Whether your recipient wants the money in a Peruvian bank account, in a mobile wallet like Yape or Plin, or as cash to collect in person, this guide walks through what you need and how each payout method works.
Before you start: what the sender needs
To send a transfer you need a Coinepay account with identity verification (KYC) completed. You can manage everything from the Coinepay dashboard or the mobile app for iOS and Android. If you have not registered yet, create your account first.
Every transfer to Peru is subject to identity verification, sanctions screening and local regulations. Coinepay may ask you for supporting documents, such as the purpose of the payment or the source of funds, before a transfer is released. Make sure the recipient's details exactly match their official records.
- Recipient's full legal name exactly as it appears at their bank or on their wallet account.
- The payout details for the method you choose (see below).
- A way to reach the recipient so they can confirm details or collect a cash pickup.
The local currency and payout options in Peru
Peru's local currency is the sol (PEN). Coinepay shows you the destination currency, the exchange rate and the fees before you confirm, so you can see what the recipient will receive. Payout methods commonly available for Peru are bank deposit, mobile wallet and cash pickup; the exact options shown to you depend on your route and are listed in the app when you set up the transfer.
Bank deposit
For a deposit into a Peruvian bank account, you will generally need:
- The recipient's full legal name and, for some banks, their address.
- The account number or CCI. The CCI is Peru's 20-digit interbank account identifier; some banks accept their own account number instead (for example, Interbank references a 13-digit account for account-paid remittances, while BBVA accepts its 20-digit account number or a CCI). Ask the recipient or their bank which one the transfer requires.
- The receiving bank's SWIFT/BIC code, which identifies the bank. Published examples include BINPPEPL for Interbank and BCONPEPL for BBVA Perú, but always use the code supplied by the recipient's actual bank.
Peru does not have a national IBAN format, so you will not be asked for an IBAN to pay into a Peruvian account. If Coinepay requests a particular field during setup, enter exactly what the app asks for. Major banks your recipient may use include BCP, Interbank, BBVA and Scotiabank.
Mobile wallet
Peru's most widely used mobile wallets are Yape and Plin. For a wallet payout, the recipient typically needs an active wallet registered in their own name and linked to the phone number or account used for the transfer. Confirm with the recipient which wallet they use and the exact details registered to it before you send.
Cash pickup
With cash pickup, the recipient collects the funds in person at a payout location. They will usually need a valid government-issued ID whose name matches the recipient name on the transfer, plus any reference number Coinepay provides. Double-check the spelling of the name, because cash payout points verify it against the recipient's ID.
Step by step: sending money to Peru
- Open Coinepay and start a remittance. In the dashboard or mobile app, choose to send money and select Peru as the destination.
- Choose the payout method and currency. Pick bank deposit, mobile wallet or cash pickup. The destination currency for Peru is the sol (PEN).
- Enter the recipient's details. Add the full legal name and the payout details for your chosen method: account number or CCI and SWIFT/BIC for a bank deposit, the wallet details for Yape or Plin, or the recipient and contact details for cash pickup.
- Review the exchange rate and fees. Coinepay shows the rate, the fees and the amount the recipient will receive before you commit. Check every field, especially the name and account number.
- Confirm the transfer. Once you are satisfied, confirm. You may be asked to verify your identity or provide information about the purpose or source of funds.
- Track the status. Every transfer has status tracking in the app. Follow it from processing to paid, and share any reference number with your recipient.
What the recipient should know
Peru applies a small financial-transactions tax (ITF) to affected transactions; at the time of writing the ITF rate is 0.005%, and a receiving bank such as Interbank notes it is charged automatically when an incoming international transfer is credited. Tax treatment otherwise depends on what the payment represents: SUNAT asks Peru-domiciled individuals to include applicable foreign-source income in their income-tax calculation, so a recipient should keep records of what they received and why. This is general information, not tax advice; the recipient should check SUNAT's official guidance or a professional for their situation.
Peruvian financial institutions are obliged to report certain activity to the national financial-intelligence unit, so a recipient may occasionally be asked by their bank to explain a payment. That is routine and handled by the institution, not something the recipient files for every ordinary transfer.
Troubleshooting delays, holds and returns
Several things can slow a transfer or put it on hold:
- Wrong recipient details. A name mismatch or an incorrect account number or CCI can delay the transfer or cause the receiving institution to reject and return it. Fix the details in the app if the transfer has not yet been paid, or contact support.
- Compliance review. Identity checks, sanctions screening or a request for the purpose or source of funds can temporarily hold a transfer. Respond promptly with any documents Coinepay requests to help it move forward.
- Pending status. For bank payouts, missing details or unconfirmed funds can leave a payment pending, and processing can depend on time zones and the receiving bank's cut-off times.
- Currency handling. A payout sent to an account that does not hold the expected currency may be converted or rejected by the receiving institution. Confirm with the recipient that their account or wallet can receive the payout.
- Outages. A temporary bank or pickup-provider outage can briefly interrupt delivery; the status updates once service resumes.
If a transfer is returned, the funds generally go back to your Coinepay account once the receiving side releases them. Review the details, correct what was wrong and send again. If anything is unclear, contact Coinepay support or reach the team on Telegram with your transfer reference ready.
A note on availability
Coinepay sends to every country and region except jurisdictions under comprehensive sanctions, and all customers and counterparties are screened against sanctions lists. Some services are not available in every jurisdiction, and services related to virtual assets are not available to residents of mainland China. Always send only to a recipient and account that belong to the intended person.
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FAQ
What details do I need to send money to a bank account in Peru?
You need the recipient's full legal name, their account number or 20-digit CCI, and the receiving bank's SWIFT/BIC code. Some banks also ask for the recipient's address. Peru has no IBAN, so you won't be asked for one. Confirm with the recipient whether their bank wants the CCI or its own account number.
Can I send to Yape or Plin with Coinepay?
Mobile wallet payouts are among the methods commonly available for Peru, and Yape and Plin are the country's most used wallets. Availability depends on your route, so check the options shown in the Coinepay app. The recipient needs an active wallet in their own name with the correct linked details.
How will I know the fee and exchange rate before sending?
Coinepay shows the exchange rate, the fees and the amount your recipient will receive on the review screen before you confirm. Nothing is charged until you approve the transfer, so you can check the figures first.
Why is my transfer to Peru on hold?
Common reasons are incorrect recipient details, an identity or sanctions check, a request for the purpose or source of funds, or a temporary bank or pickup-provider outage. Respond to any Coinepay request promptly and verify the recipient's name and account details to help it clear.
What happens if the recipient's name or account number is wrong?
A name mismatch or wrong account can delay the transfer or cause the receiving institution to reject and return it. If the transfer hasn't been paid yet, correct the details in the app; otherwise returned funds generally come back to your Coinepay account so you can resend. Contact support if you need help.
