Territories - Latin America

Chile’s payment landscape is dynamic and diverse, encompassing traditional, e-commerce, and alternative payment methods. Traditional payments like credit and debit cards dominate, with cards being used for approximately 60% of transactions. The e-commerce sector is rapidly growing, driven by a high internet penetration rate and a robust digital infrastructure, leading to a 35% annual increase in online sales. Alternative payments are gaining traction, with mobile wallets and digital payment platforms such as MercadoPago and Webpay becoming increasingly popular, especially among younger consumers. Bank transfers also play a significant role, accounting for around 25% of online transactions. This varied payment ecosystem reflects Chile’s adaptability and technological advancement in financial services.