Lemon accounts for 5.6% of transfers in Peru: how a crypto wallet is redesigning the financial ecosystem

Source: CritpoTendencia Original Title: 5.6% of Transfers in Peru Now Go Through Lemon Original Link: Peru is undergoing a financial transformation that few perceive, but which is already reflected in the data: of the more than 55 million instant transactions processed each month in the country, one out of every 18 involves Lemon.

The crypto wallet, just over a year since its launch, accounts for more than 5.6% of all interoperable transfers in the Peruvian system, according to figures from the Electronic Clearing House (CCE).

This is not an isolated figure. It signals that the country is entering a new financial infrastructure, one where banks, wallets, and crypto operate as a single ecosystem.

Interoperability has forever changed the way Peruvians move their money. Today, there are no barriers between banks, wallets, or crypto: everything is connected through Lemon.

The phrase summarizes a deeper phenomenon: millions of users are already interacting with traditional and digital finance without distinguishing between the two.

Interoperability: the public policy that redesigned the market

When the Central Reserve Bank of Peru (BCRP) and the CCE promoted interoperability in 2024, the goal was to modernize payments. However, the result was much greater: an open system where local and foreign fintechs can compete on equal footing.

The numbers confirm it:

• More than 340 active fintechs in the country (+20% vs 2023).
• 45% of them are foreign.
• 2.2 million crypto app downloads in the first half of 2025 (+15% vs all of 2024).

In this scenario, Lemon positioned itself as one of the main players: 1.4 million downloads, 900,000 registered users, and 45% of active weekly crypto users, according to market data. Its growth is not just due to branding but to the product.

Digital Payments and Bitcoin: the Driving Force

The core of Lemon’s progress lies in everyday payments. Throughout 2025, the use of interoperable QR codes and the VISA Lemon card grew an average of 51% monthly. Although QR codes dominate in transaction volume, the card accounts for 75% of the volume, driven by higher-value purchases.

The key differentiator is its cashback proposal: each payment returns Bitcoin. This model not only incentivizes usage but also introduces frictionless financial education. To date, Lemon has distributed $25 millions in BTC to users across the region.

Peru, a New Crypto Hub in the Region

In less than two years, Peru has shifted from an emerging market to one of the six largest crypto markets in Latin America and already appears in the top 10 globally, according to recent industry reports.

In this context, Lemon acts as a bridge: it allows sending soles, buying Bitcoin or digital dollars, and paying at merchants from a single app. And by already accounting for more than 5.6% of the country’s interoperable transfers, it becomes a key piece in this rapidly advancing hybrid financial ecosystem.

Peru is not preparing for a change. Peru has already changed: money now flows through a new lane.