Yape Targets 50% of Bolivia’s Population by 2028, Plans Digital Credit Launch

Yape Targets 50% of Bolivia’s Population by 2028, Plans Digital Credit Launch

Peruvian fintech Yape has set formidable plans to succeed in 50 per cent of Bolivia’s inhabitants by 2028, positioning itself as the nation’s dominant digital pockets. The company, which entered the Bolivian market just two years in the past, also revealed intentions to launch digital credit score companies in 2026 to drive monetary inclusion in a largely casual economic system.

Yape has already surpassed a important mass of adoption in the market, boasting more than 3.7 million customers, of whom 1.7 million are affiliated retailers. The fast expansion is available in a market marked by high informality and low monetary inclusion, the place the fintech is shifting to fill the hole left by conventional banking companies.

Adapting to local wants

Carlos Andrés Lepesqueur, nation head of Yape Bolivia

Speaking at the Latam Epayment Summit 2025, organized by Capece, Carlos Andrés Lepesqueur, nation head of Yape Bolivia, outlined the company’s strategic imaginative and prescient.

“We aim for 50 per cent of Bolivians to be using Yape within the next three years. We want one million new users to gain access to simple credit solutions. We also want to help accelerate e-commerce, as Bolivia presents a huge opportunity due to the low penetration of card-based payments,” Lepesqueur said.

The platform expects to succeed in 5.5 million customers in 2026 and 6 million by 2028, in a rustic with a inhabitants of roughly 12 million. Lepesqueur explained that Yape’s success is rooted in its ability to adapt to the local setting, particularly focusing on the high ranges of casual commerce.

Unlike Peru, the place financial exercise is closely concentrated in Lima, Bolivia operates alongside a central financial hall comprising La Paz, Cochabamba, and Santa Cruz. These cities together characterize 60 per cent of the inhabitants and 73 per cent of the nation’s GDP, an element Yape has built-in into its development strategy.

Digital credit score expansion

A key pillar of Yape’s future development in Bolivia is the introduction of digital credit score companies, set to start next 12 months following a mannequin already applied in Peru. Initially, the focus will likely be on high-activity retailers within the platform, with the service later increasing to particular person customers.

“We would love to provide access to one million customers who have historically been excluded from the Bolivian financial system by 2028,” Lepesqueur added.

While the company is still fine-tuning its strategy and finishing regulatory necessities, the roadmap is clear. “By mid-2026, we could start with single-installment credit products and gradually scale toward multi-installment loans with higher ticket values,” Lepesqueur explained.

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