In Peru, bank branch density drops sharply outside Lima, and the habit of settling small payments in cash remains strong. While the Yape and Plin wallets are changing payment habits in urban areas, agent cash-collection channels remain effective for covering provincial and suburban consumers. KasNet is a network of agent outlets spread nationwide that collect cash for online orders.

It suits merchants with a high share of customers outside the capital region, or those selling everyday goods and mid- to low-priced consumer products where cash-payment conversion tends to be high. Because the payment itself starts online with the issuance of a reference code, it can be attached to any owned store or app, and only the payment counter expands out to agents in the consumer's neighborhood.

Selecting KasNet payment at online checkout issues a reference code containing the order amount (this is the online portion of the process). The consumer presents the code and pays cash at a nearby KasNet agent shop; once the collection information is transmitted and the deposit is confirmed, the order is confirmed. Unpaid codes expire once the validity period passes, so no receivable risk is left with the merchant.

Integrating through Hecto Financial lets a Korean corporation consider adopting KasNet payments without a separate local contract in Peru. Actual support availability and terms (settlement cycle, fees, currency options) vary by the merchant's industry and transaction volume, so confirmation with the Hecto Financial sales team before contracting is required.

• Business registration country

  Confirm whether contracting is available on the basis of a domestic (Korean) business

• Sales channels

  The integration method and priority vary depending on your mix of online sales channels — owned store, marketplaces, mobile app, and so on

• Product categories

  Confirm in advance whether your category falls under restricted industries in KasNet's merchant policy

• Local regulatory compliance

  Confirm compliance with Peru's payment and foreign exchange regulations (see official sources below)

Hecto Financial collects funds paid through the agent network locally in PEN. After exchange, the settlement amount is paid in whichever of USD, KRW, or JPY the merchant designates in the contract. Because cash transactions cannot be reversed at the source, refunds are handled through a return to the consumer's account, so it's advisable to set refund policy and processing timelines in advance.

• Central Reserve Bank of Peru (BCRP), Superintendency of Banking, Insurance and Pension Funds of Peru (SBS)Official information on Peru's payment systems (BCRP) and financial institution supervision (SBS). If this page's content differs from actual regulations, the official source takes precedence.