Banco de Credito del Peru (BCP) expects 55% of its total transactions this year will be done electronically, up from 50% a couple of years ago, a source at the bank told BNamericas, adding the upward trend would continue.
BCP has succeeded in convincing its clients to use non-traditional distribution channels by providing highly sophisticated ATMs that offer easy transfers between accounts and additional services such as bill payments, the source said.
The bank will stay on the cutting edge of technology by adding more functions to its ATM network, he said.
The bulk of BCP's electronic transactions are made through ATMs, which provide easy access to the broader community, but the bank has also seen a significant increase in online transactions, the spokesperson said, without providing breakdown figures.
Despite Peru's low Internet penetration, the upsurge of Internet cafes providing cheap online access in urban centers has helped BCP and other banks in the country to bring customers online, he said, pointing out that while most people in the US do their e-banking at home, most Peruvians logon from cafes.
BCP is Peru's largest bank in terms of assets and deposits. It is the main asset of the country's largest financial group Credicorp (NYSE: BAP).