Payment methods in Chile

Khipu is a real-time bank transfer payment method enabling shoppers to pay directly from their bank account without sharing card details. It is widely supported by Chilean banks and used extensively for e-commerce, integrating into merchant checkout flows and generating a payment link that the consumer authorises within their banking app. It represents a significant share of the 15% bank transfer payment category.

MACH is a digital wallet and prepaid Visa card product offered by Banco BCI. It allows users — including those without traditional credit cards — to shop online domestically and internationally using a virtual Visa card funded from a digital wallet. MACH has grown significantly as a tool for financial inclusion, enabling younger and lower-income consumers to participate in e-commerce.

Visa-branded (10%) and Mastercard-branded (19%) cards are issued by Chilean banks and processed through local acquirers. While they hold smaller market shares than local schemes, they are important for cross-border transactions. International cards are also accepted for cross-border purchases into Chile.

Transbank operates WebPay, Chile's dominant online payment gateway, accounting for 74% of online sales by bank transfer. WebPay processes the majority of local debit and credit card transactions including Redcompra, Chile's leading card scheme with a 44% market share. WebPay Plus supports one-time and recurring payments and is the default checkout option for most Chilean e-commerce platforms.

Fpay is a Chilean digital wallet and BNPL service backed by Falabella, one of Chile's largest retail conglomerates. It enables customers to make payments through the Falabella ecosystem (Falabella, Sodimac, Tottus) and increasingly at third-party merchants, with instalment payment options. It contributes to the 18% e-wallet share in Chilean e-commerce.

American Express has a negligible share (0%) of card scheme transactions in Chile but is accepted by larger merchants targeting international visitors and premium consumers. Its market presence is small compared to local schemes and international networks.