Is Peru cashless?
Mixed#93 of 197 in The Cashlessy Index 2026 · #19 of 35 in Americas
Short answer: Carry soles for markets, taxis and the Andes. Use Banco de la Nación ATMs, which are reported not to charge foreign cards.
Cards work in Lima and Cusco hotels and restaurants. Locals pay small amounts with Yape; visitors need cash for markets, taxis and the Andes.
Will my card work?
In cities and tourist areas. Hotels, chains and larger restaurants in Peru take cards; smaller places often do not.
Do I need cash?
Yes. Cards work in some places, but you will need cash most days in Peru.
Local currency: Peruvian sol (PEN)
How does tipping work?
10% in tourist restaurants. Tip trek guides and porters.
Mobile payments
Local apps often need a local bank account or phone number.
Getting cash: ATMs
Some ATMs are fee-free
Most ATMs charge foreign cards, and cap withdrawals at about S/400-700.
Fee-free options
- Banco de la Nación (MultiRed ATMs, reported free)
Avoid
- BCP, Interbank and BBVA (highest fees)
Your own bank may charge extra. When an ATM offers to convert to your home currency, decline and pay in the local currency.
Frequently asked questions
Is Peru cashless?
Peru scores 48/100 on Cashlessy (mixed), ranking #93 of 197 countries. Cards work in Lima and Cusco hotels and restaurants. Locals pay small amounts with Yape; visitors need cash for markets, taxis and the Andes.
Do I need cash in Peru?
Yes. Cards work in some places, but you will need cash most days in Peru.
Are credit cards accepted in Peru?
In cities and tourist areas. Hotels, chains and larger restaurants in Peru take cards; smaller places often do not.
Do you tip in Peru?
10% in tourist restaurants. Tip trek guides and porters.
Which ATMs are free in Peru?
Most ATMs charge foreign cards, and cap withdrawals at about S/400-700. Best options: Banco de la Nación (MultiRed ATMs, reported free). Avoid: BCP, Interbank and BBVA (highest fees).
Compare with Americas
Sources
Checked against sources in September 2026. Payment habits change quickly; see how we score.