Top 5 Payment Providers Offered by Chilean Online Stores 2023

What are the Top 5 Payment Providers in the Chilean eCommerce Market Offered by Online Stores in 2023?

In the Chilean eCommerce market of 2023, the payment provider landscape showcases a clear dominance of traditional card services. VISA leads the market with an impressive penetration rate of 97.6%, closely followed by Mastercard at 96.0%. These high penetration rates highlight the strong trust and widespread acceptance of these card providers within the Chilean eCommerce sector. American Express also holds a significant presence with a penetration rate of 86.5%, indicating a preference for established international payment solutions. Interestingly, unknown providers offering invoice services have achieved a penetration rate of 84.9%, showcasing a unique payment method favored by Chilean consumers. Diners Club rounds out the top five with a penetration rate of 76.2%, further emphasizing the reliance on traditional card services in the Chilean eCommerce market. The data from 2023 illustrates the evolving payment landscape in Chile, with a mix of established card providers and innovative payment methods catering to the diverse needs of consumers in the country.

Main Facts: Dominant Payment Providers in Chile's eCommerce Market 2023

• VISA (Cards) dominates the Chilean eCommerce market with a penetration rate of 97.6% in 2023.
• Mastercard (Cards) follows closely behind with a penetration rate of 96.0%.
• American Express (Cards) secures the third position with a penetration rate of 86.5%.