Payment Methods and Currency Exchange in Peru: Essential Facts for Travelers

Peru’s official currency is the Peruvian Sol (PEN). Payment methods and currency exchange options are widely available in urban areas, but cash remains essential in rural regions.

• Official currency: Peruvian Sol (PEN)
• Accepted payment methods: Cash is widely used; major credit cards (Visa, Mastercard, American Express) are accepted in hotels, restaurants, and shops in cities.
• Contactless payments: Contactless cards and mobile wallets (Apple Pay, Google Pay) are accepted in some urban businesses, but not universally.
• ATM availability: ATMs are common in cities and airports; most accept international cards. Withdrawal fees typically range from PEN 15–20 (approx. USD 4–5) per transaction.
• Currency exchange: Available at banks, airports, and authorized exchange offices (casas de cambio). Exchange rates may vary; official ID is required.
• Foreign currency restrictions: Large cash transactions (over USD 10,000 or equivalent) must be declared to customs.
• Cash import/export limits: Up to USD 10,000 (or equivalent in PEN) can be brought in or taken out without declaration. Amounts above must be declared to SUNAT (Peru’s customs authority).
• Transaction fees: Foreign card surcharges may apply (typically 3–5%).
• Common issues: Some businesses may not accept damaged bills or foreign currency. Always carry small denominations for taxis and markets.
• Major banks: Banco de Crédito del Perú (BCP), BBVA Perú, Scotiabank Perú, Interbank.
• Regulations: Peruvian law prohibits the use of counterfeit or torn bills; travelers should check notes received in exchanges.