IFS jumps after $130 million InFinance XP deal expands payments and consumer lending
Intercorp Financial Services shares rose after the company disclosed a $130 million joint-venture acquisition of InFinance XP (formerly Financiera Oh!). The deal gives IFS a 50% stake in IXP Holding and expands its consumer financing and payments footprint with about 3 million customers.
1. What’s moving the stock
Intercorp Financial Services (IFS) is higher after disclosing a strategic partnership with InRetail Perú Corp. centered on the acquisition of InFinance XP S.A. (formerly Financiera Oh!). IFS said it entered into a stock purchase agreement under which it acquired 50% of IXP Holding Corp., with InRetail acquiring the other 50%, for a total purchase price of $130 million, giving the partners indirect ownership of 100% of InFinance XP.
2. Deal details investors are reacting to
IFS said the agreement was signed on April 6, 2026 and is effective as of April 1, 2026. In the attached release, IFS highlighted InFinance XP’s scale—about three million customers, S/1.7 billion in total loans, and S/1.5 billion in total deposits—positioning the asset as a meaningful consumer-finance platform rather than a small tuck-in.
3. Why it matters (payments + consumer finance angle)
IFS framed the transaction as a way to strengthen its consumer financing and payments ecosystem, pairing IFS’s banking, insurance, wealth management, and payment services with InRetail’s nationwide retail footprint. The companies also pointed to recent product development at InFinance XP, including the launch of SIP, an app that integrates financial and payments products along with a loyalty program, underscoring the digital distribution opportunity they intend to scale.