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Chile
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Chile Is Expanding Digital Payments Beyond Traditional Cards
Chile remains one of Latin America's most card-oriented payment markets, but digital payments continue expanding through local wallets and real-time banking initiatives. Consumers increasingly use MACH, Onepay and Mercado Pago alongside traditional debit and credit cards.
The country continues investing in payment innovation while encouraging greater competition and digital payment adoption across the financial ecosystem.
Through one API, 8B enables businesses to connect to Chile's leading local payment methods and evolving digital payment infrastructure.
Cross-Border Payment Infrastructure for Global Growth
Local Payment Infrastructure
Connect to local payment methods, bank transfers and digital wallets through a single API. Expand into new markets faster with regulated cross-border payment infrastructure.
Payments & Payouts
Accept customer payments, automate partner payouts and simplify global money movement through regulated fintech infrastructure.
Industries We Support
Supporting e-commerce, travel, gaming, marketplaces, financial institutions, PSPs and fintech companies expanding into new markets.
One API
Launch new markets faster without building separate local payment integrations. Reduce operational complexity while improving payment acceptance and customer experience.
Expand into new markets with regulated cross-border payment infrastructure. 8B connects businesses to local payment methods, national QR networks, bank transfers and digital wallets through a single API, helping businesses launch faster while reducing integration complexity.
Offer customers the payment methods they already know and trust.
Supported Payment Methods
Bank transfers are a widely used payment method in Chile, supported by major banks like Banco de Chile, Santander Chile, Banco Estado, and BCI. In 2022, 41% of consumers reported using bank transfers within the past month, making it the most popular alternative payment method after debit and credit cards. These transfers are facilitated through secure online platforms and mobile apps.
speed
Reasons for Popularity
Extensive Bank Network: Transfers can be made to accounts at over 14 major banks in Chile, including Banco BCI, Scotiabank, and Banco Falabella. This extensive network ensures that users have numerous options for conducting transactions
High Transaction Limits: Users can send a minimum of USD 20 (or its equivalent in Chilean Pesos) per transfer, with a maximum limit of USD 10,000 per transaction and per month. This flexibility accommodates various transaction sizes, from small personal payments to larger business transfers
Fast Processing Times: Most bank transfers are completed within one working day, providing users with quick access to funds. The efficiency of the system is further enhanced by the Transferencias en Línea (TEF) system, which operates 24/7 and supports quick payments between accounts
Built for Developers
Modern APIs, clean documentation and rapid integration.
Built for Finance Teams
Automated reconciliation, transparent reporting and streamlined settlements.
Built for Customers
Trusted local payment methods, smooth checkout journeys and fewer abandoned carts.
