eCommerce: Top 5 Payment Providers
Top 5 Payment Providers Offered by Chilean Online Stores 2023
Which payment providers are the most frequently offered by online stores the Chilean eCommerce market in 2023? Uncover the key players in our recent article.
Article by Luise Permin-Stockmann | June 12, 2024Top 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%.
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