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Chile

Discover the payments market in Chile

High levels of digitalisation in Chile can be observed as a result of a favourable ecosystem for the development of large business opportunities. The e-commerce market holds a 70% market share in the country.

The market in Chile

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E-commerce

Chile has the highest per capita e-commerce transaction rates in the whole of Latin America, valued at 4.5 billion dollars.

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Internet penetration

Chile is a highly digital country and internet penetration continues to rise: 85% of the population has access to the internet.

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Payment methods

In Chile the biggest service for payments is Webpay. Like the name suggests, it offers an online portal for card payments (credit & debit) as 85% of payment transactions in Chile are initiated by cards.

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Access to banking

Chile has a high level of banking services use: 74%. The country has more than 14 million e-banking customers.

Payment methods

Chile

Cash

Card

Online

e-Wallet