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Peru: Fintech sector generates over 1,700 jobs

17:04 | Lima, May. 9.

130 Peruvian fintechs generated more than 1,700 jobs, a study carried out by Emprende UP —the Pacific University's business incubator— revealed on Thursday.

In this sense, there are 98 fintechs based in Lima, which represent over 60% of the total. 

Likewise, more than 40% of fintech sector's management positions are held by Generation X —those who are 40 to 54 years old— and merely 20% of these posts are held by women. 

However, the trend indicates women participation might increase, as well as generate more job opportunities. 

Fintech trends

Likewise, this new market will improve financial inclusion, thus greater cooperation between banks and fintechs —which are expected— will enable new strategic alliances. 

Furthermore, it will create a greater consolidation of virtual exchange houses. 

For this reason, fintechs' income is expected to exceed US$500 million in Peru this year. 

(END) RGP/DTK/MVB

Published: 5/9/2019