Yape review
A Peru-focused app for free domestic transfers and remittance services.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Yape is a Peruvian mobile financial app operated by Banco de Crédito del Perú. It is designed for people and businesses that need local money transfers, merchant payments and selected remittance services in one mobile app. Users can send money through phone numbers or QR codes, transfer funds to participating banks, wallets and cajas, pay services and merchants, and top up mobile phones. The app is available on iOS and Android, with domestic transfers listed as free.
Its strongest fit is Peru-centered payment activity rather than broad international transfer coverage. Domestic yapeos are free and transfers are described as instant, while the app also supports receiving international remittances in soles or dollars, sending international remittances, and tracking remittance status with an order number. International transfers may involve fees from Yape or its remittance partners, and exchange rates can depend on the destination and provider. Buyers comparing remittance apps should therefore review the applicable transfer conditions before choosing Yape for cross-border payments.
Yape also extends beyond personal transfers through Yape Empresa business profiles, which provide sales and movement reports. That makes it relevant to solo operators and small or mid-market businesses that want payment activity and basic business reporting in the same app. The trade-off is a narrower documented platform and ecosystem footprint than dedicated international transfer apps: access is mobile, the recipient network is based on participating institutions, and support is represented through documentation. Choose Yape for local Peruvian payments, QR and phone-number transfers, and connected remittance features; choose an alternative when broader international coverage is the priority.
Yape pros and cons
- Where it wins
- Free domestic transfers using phone numbers or QR codes
- Sends and receives international remittances in soles or dollars
- Business profiles include sales and movement reports
- Where it doesn't
- International remittance fees and exchange rates may vary
- Transfers are limited to participating banks, wallets and cajas
- Mobile-only access with documentation support
Yape fact sheet, pricing and score →
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