Peristaltic transport in a two dimensional channel, filled with a porous medium in the peripheral region and a Newtonian fluid in the core region, is studied under the assumptions of long wavelength and low Reynolds number. The fluid flow is investigated in the waveframe of reference moving with the velocity of the peristaltic wave. Brinkman extended Darcy equation is utilized to model the flow in the porous layer. The interface is determined as a part of the solution using the conservation of mass in both the porous and fluid regions independently. A shear-stress jump boundary condition is used at the interface. The physical quantities of importance in peristaltic transport like pumping, trapping, reflux and axial velocity are discussed for various parameters of interest governing the flow like Darcy number, porosity, permeability, effective viscosity etc. It is observed that the peristalsis works as a pump against greater pressure in two-layered model with a porous medium compared with a viscous fluid in the peripheral layer. Increasing Darcy number Da decreases the pumping and increasing shear stress jump constant beta results in increasing the pumping. The limits on the time averaged flux Q for trapping in the core layer are obtained. The discussion on pumping, trapping and reflux may be helpful in understanding some of the fluid dynamic aspects of the transport of chyme in gastrointestinal tract.