Prexpe review

Applicants must have reached adulthood and live in Peru while holding an accepted identity document such as DNI, CE or CPP. People classified as politically exposed cannot use the service. Meeting those conditions allows creation of the digital account and submission of a loan request.

The loan request involves three simple steps completed inside the app. Subject to credit approval, the amount is paid straight into the Prexpe account for spending, travel or debt payment. The app then shows the balance ready for everyday use.

The account holds balances in soles and dollars and links to a virtual card plus an optional physical international card. Holders can send transfers, pay services, change currency, scan codes to receive money and withdraw cash from cash machines.

Account opening and lending focus on people living in Peru. Transfers reach banks and wallets across Peru and also support sending money to other countries in the region and beyond. Currency handling covers both soles and dollars for domestic and cross border use.

Customers download the app and create an account using an accepted identity document. The app shows balances and spending, enables currency change and gives immediate access to a virtual card. A physical card can also be received for wider everyday use.