Dandelion Payments, a platform specializing in international payments and a business line of Euronet (NASDAQ: EEFT), and Yape, Peru’s leading super app, have partnered to offer fast and secure international money transfers. Through integration with the Dandelion platform, Yape users will be able to send money abroad via its Remittances feature, making it easier to manage global finances within the same app.
Thanks to this alliance, Yape users will enjoy a simple and accessible service that allows them to send money from Peru to e-wallets, bank accounts, and cash pickup locations in over 200 countries and territories. Initially, the service is available for accounts in Colombia, the United States, Ecuador, and Spain, and will gradually expand to other countries and delivery methods.
According to the World Bank, approximately $331 million in remittances were sent abroad from Peru in 2024, a notable increase compared to $321 million in 2023. This growth may be linked to the rise of migrant communities in Peru in recent years, mainly from South American countries such as Venezuela, Colombia, and Ecuador.
For Dandelion, this partnership represents a commitment to financial inclusion, putting international money transfer services in the hands of millions of Peruvians and residents. A service that traditionally required in-person cash transactions is now available through a trusted and familiar app, backed by a secure and established payment network.
“At Dandelion, we are proud to form this alliance with Yape, which strengthens Peru’s presence in the international payments ecosystem. From now on, Yape customers will have access to our extensive payment network, paving the way for convenient and sustainable digitalization of financial services,” said Marcelo Castillo, Director of Dandelion Payments in Latin America.
“We are very excited about this partnership that makes sending money abroad easier, especially for the millions of Peruvians with family overseas. This way, we continue promoting financial and digital inclusion in Peru with a fast and secure feature,” added Carolina Arbulú, Head of Payment Products at Yape.
In a constantly evolving financial landscape, the alliance between Yape, with more than 15 million active users, and Dandelion, with reach across nearly 200 countries and territories, marks a major step forward in modernizing money transfer services in Peru. By combining local expertise with international capabilities, Yape and Dandelion are responding to the growing demand for efficient and secure financial services in the country. This collaboration will offer users a convenient and accessible way to send funds internationally.
Dandelion is the world’s largest real-time global payments network. In addition to offering a complete Payments-as-a-Service solution, Dandelion’s global distribution network includes direct connections to local systems in nearly 200 countries and territories, with integrated settlement, regulatory compliance, and full value delivery. Through a single API integration or Swift instruction, Dandelion enables financial institutions, payment companies, and fintechs to access over 4.1 billion bank accounts, 132 mobile wallets, more than 3.4 billion wallet accounts, and 626,000 cash payout locations. Visit www.dandelionpayments.com for more information.
Dandelion is part of Euronet’s money transfer segment (NASDAQ: EEFT), a global leader in payment processing and cross-border transactions. For more information, visit www.euronetworldwide.com.
Media Contact:
Communications & Press Department: prteam@dandelionpayments.com
Yape is Peru’s super app, backed by BCP, and currently has more than 15 million active users. It offers over 10 features, including transferring money in soles and dollars, access to microloans, mobile top-ups, currency exchange, receiving remittances, bill payments, shopping in its Yape Tienda marketplace, ticket purchases, promotions, bus ticket purchases, and more. Learn more at www.yape.com.pe.
