Chile Cards and Payments - Opportunities and Risks to 2025

Chile Cards and Payments - Opportunities and Risks to 2025

Summary

GlobalData’s 'Chile Cards and Payments - Opportunities and Risks to 2025' report provides detailed analysis of market trends in the Chilean cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2017-21e).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2021e-25f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

This report provides top-level market analysis, information and insights into the Chilean cards and payments industry, including -

  • Current and forecast values for each market in the Chilean cards and payments industry, including debit and credit cards.
  • Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also includes an overview of the country's key alternative payment instruments.
  • Ecommerce market analysis.
  • Analysis of various market drivers and regulations governing the Chilean cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
Scope
  • Following the announcement of new regulation in April 2019, the Chilean government opened up its merchant acquiring and processing space for new entrants. Since 1989, Transbank had been the single acquiring and issuing processor in the Chilean payment market. The new regulation intends to end Transbank’s monopoly in this space and increase competition. As a result, multiple acquirers have started entering the Chilean market. In May 2019, acquiring solutions provider EVO Payments entered the market in a 10-year joint venture with Banco de Credito e Inversiones (Bci).
  • The growing ecommerce market is encouraging banks to enter this space. In December 2020, Santander launched Tienda Santander, a digital marketplace allowing its credit card holders to purchase Apple products in up to 24 interest-free installments. Going forward, Tienda Santander will add new products and benefits on an ongoing basis, from everyday essentials to travel packages and gastronomic experiences. In June 2021, Banco Bice launched its online marketplace, BICE Store. Customers can use any credit card to make purchases in up to 24 interest-free installments.
  • Card payment acceptance among Chilean merchants is likely to increase due to the gradual reduction of merchant service fees. Currently, the merchant service fee for credit cards has been set between 0.05% and 2.40%, while for debit cards and prepaid cards it is 0.05% and 1.15%. These rates are applicable to business establishments that join the payment card system operated by Transbank, which operates domestic card scheme Redcompra. Previously, in April 2016, Transbank reduced merchant service fees on debit card payments from 1.61% to 1.49%.
Reasons to Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the Chilean cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Chilean cards and payments industry.
  • Assess the competitive dynamics in the Chilean cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Chile.
  • Gain insights into key regulations governing the Chilean cards and payments industry.


  • Market Overview
    • Table Chile: key facts, 2021e
    • Table Regional benchmarking of payment cards, 2021e
  • Payment Instruments
    • Instant Payments
  • Card-based Payments
    • Payment Cards: Market Sizing and Forecasting
    • Debit Cards: Market Sizing and Forecasting
    • Debit Cards: Schemes
    • Debit Cards: Issuers
    • Credit and Charge Cards: Market Sizing and Forecasting
    • Credit Cards: Market Sizing and Forecasting
    • Credit Cards: Schemes
    • Credit Cards: Issuers
  • Ecommerce Payments
    • Ecommerce: Market Sizing and Forecasting
  • Alternative Payments
    • Alternative Payments: Payment Solutions
  • Job Analysis
  • Payment Innovations
  • Payment Infrastructure and Regulation
    • POS Terminals and ATMs
    • Regulatory Environment
  • Appendix
    • Table Chile: payment instrument transaction values (CLPtn), 2017-25f
    • Table Chile: payment instrument transaction values ($bn), 2017-25f
    • Table Chile: payment instrument transaction volumes (millions), 2017-25f
    • Table Chile: payment cards in circulation by type (millions), 2017-25f
    • Table Chile: volume of payment card transactions (millions), 2017-25f
    • Table Chile: value of payment card transactions (CLPtn), 2017-25f
    • Table Chile: value of payment card transactions ($bn), 2017-25f
    • Table Chile: debit cards in circulation (millions), 2017-25f
    • Table Chile: debit card transaction volumes, 2017-25f
    • Table Chile: debit card transaction values (CLP), 2017-25f
    • Table Chile: debit card transaction values ($), 2017-25f
    • Table Chile: debit cards in circulation by scheme (millions), 2017-21e
    • Table Chile: debit card transaction values by scheme (CLPtn), 2017-21e
    • Table Chile: debit card transaction values by scheme ($bn), 2017-21e
    • Table Chile: debit cards in circulation by issuer (000s), 2017-21e
    • Table Chile: debit card transaction values by issuer (CLPbn), 2017-21e
    • Table Chile: debit card transaction values by issuer ($m), 2017-21e
    • Table Chile: credit cards in circulation (millions), 2017-25f
    • Table Chile: credit card transaction volumes, 2017-25f
    • Table Chile: credit card transaction values (CLP), 2017-25f
    • Table Chile: credit card transaction values ($), 2017-25f
    • Table Chile: credit cards in circulation by scheme (000s), 2017-21e
    • Table Chile: credit card transaction values by scheme (CLPbn), 2017-21e
    • Table Chile: credit card transaction values by scheme ($m), 2017-21e
    • Table Chile: credit cards in circulation by issuer (000s), 2017-21e
    • Table Chile: credit card transaction values by issuer (CLPbn), 2017-21e
    • Table Chile: credit card transaction values by issuer ($m), 2017-21e

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