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Accept Local Payment Methods in
Ecuador
Connect to popular local payment methods through one API. Automate cross-border payouts and expand with regulated fintech infrastructure from 8B.
Ecuador

Ecuador

Ecuador
Top e-commerce industries
24.3%
Electronics
20.8%
Hobby & Leisure
21.3%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery

Accept Local Payments in Ecuador

Ecuador’s payment market is increasingly supported by electronic bank transfers and digital payment experiences. The Interbank Payment System (SPI), operated within the payment infrastructure of the Central Bank of Ecuador, enables transfers between accounts held at participating banks, credit unions and other financial institutions.

Quito
Capital
18.4M
Population
GMT -5
Time Zone (GMT)
USD
Currency
American dollar
$24.1B
Transactions
value in 2031
13.3%
CAGR
of Digital Payments during 2026-2031

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.

Bank Transfer (EC)
Bank Transfer
20%
Buy Now Pay Later
1%
Cash-in
6%
Credit Cards
31%
Debit Cards & Prepaid Cards
21%
E-wallet
11%
Mobile Money
11%
Others
11%
The Infrastructure Behind Local Payment Methods in
Ecuador

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.

Connect Through One API

Offer customers the payment methods they already know and trust.

Supported Payment Methods

Bank transfers are a fundamental component of Ecuador's financial system. Major financial institutions such as Banco Pichincha, Banco Guayaquil, and Banco del Pacífico offer these services through traditional branch banking, online platforms, and mobile applications, providing flexibility and convenience for users.

Method
Bank Transfer (EC)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
8M
Disbursements
Yes (all banks in Ecuador)
Yes (all banks in Ecuador)
Chargebacks
No
Authorization currency
USD
Authorization
speed
Instant
Recurring
No
No
Notify when available

Reasons for Popularity

Bank transfers are accepted by most businesses and individuals in Ecuador

Many banks offer international transfer services, facilitating cross-border payments and making it easier for businesses and individuals to transact globally

Why Companies Choose 8B in
Ecuador

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.