Chile

Explore the payments market in Chile

Chile's significant levels of digitalization can be attributed to an advantageous ecosystem that fosters the emergence of lucrative business prospects. The e-commerce market, commanding a substantial 70% market share, plays a pivotal role in this digital landscape.

The market in Chile

E-Commerce

Within Latin America, Chile boasts the highest per capita e-commerce transaction rates, amounting to a remarkable $4.5 billion.

Payment methods

Webpay stands as the leading payment service provider in Chile, aptly named for its primary function of facilitating online card payments (both credit and debit). Given that a substantial 85% of payment transactions in Chile are initiated using cards, Webpay plays a pivotal role in the country's payment landscape.

Internet penetration

Chile is characterized as a highly digital nation, with a continuous increase in internet penetration. Currently, approximately 85% of the population has internet access, reflecting the country's strong connectivity.

Access to banking

Chile exhibits a significant level of banking adoption, with a usage rate of 74%. The country boasts a customer base of over 14 million individuals actively engaged in e-banking services.