e-Commerce and Payments in Chile
The most advanced market in Latin America.
In Chile, debit cards are widely used and are also the preferred method of payment for online shopping followed by bank transfers, and e-Wallets.
Market Overview
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Population
19.9 million
-
Online Population
16 million
-
Currency
CLP
-
e-Commerce Market Value
$8.29 billion
-
GDP
$301 billion
-
GDP per Capita
$17,083.00
Available Local Payment Method
Acuenta
Type
Cash
Regions
South & Central America
Banco de Chile
Type
Bank Transfer
Regions
South & Central America
Banco Estado
Type
Bank Transfer
Regions
South & Central America
Banco Itaú
Type
Bank Transfer
Regions
South & Central America
Banco Bice
Type
Bank Transfer
Regions
South & Central America
Banco Falabella
Type
Bank Transfer
Regions
South & Central America
Banco Internacional
Type
Bank Transfer
Regions
South & Central America
Banco Ripley
Type
Bank Transfer
Regions
South & Central America
Banco Security
Type
Bank Transfer
Regions
South & Central America
BCI
Type
Bank Transfer
Regions
South & Central America
Caja Vecina
Type
Cash
Regions
South & Central America
Consorcio
Type
Bank Transfer
Regions
South & Central America
Coopeuch
Type
Bank Transfer
Regions
South & Central America
Corpbanca
Type
Bank Transfer
Regions
South & Central America
Express de Líder
Type
Cash
Regions
South & Central America
Líder
Type
Cash
Regions
South & Central America
MachPay
Type
QR Code
Regions
South & Central America
Santander
Type
Bank Transfer
Regions
South & Central America
Scotiabank
Type
Bank Transfer
Regions
South & Central America
Sencillito
Type
Cash
Regions
South & Central America
ServiEstado
Type
Cash
Regions
South & Central America
Servipag
Type
Cash
Regions
South & Central America
Walmart
Type
Cash
Regions
South & Central America
Key Takeaways
- With an average ticket price of US$222, Chile has the highest rate of eCommerce transactions per person in Latin America.
- CyberDay is a yearly three-day online shopping extravaganza in Chile. In 2021, online purchases totaled to $640 million.
- The market for cards and payments in Chile was estimated to be worth $117.6 billion in 2023, and it is anticipated to grow more than 7% from 2023 to 2027. In terms of the number of payments made in Chile in 2023, cards are the leading means of payment.
- Debit cards continue to be widely used in Chile, where a significant proportion of the population has bank accounts, and this trend has only gotten stronger since the pandemic. The widespread use of bank transfers and the adoption of digital wallets by consumers both point to a population that is open to trying out alternative payment methods.
