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Financial Cards and Payments in Chile

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    Report

  • 54 Pages
  • November 2023
  • Region: Chile
  • Euromonitor International
  • ID: 1085523
2023 has witnessed another marginal rebound in personal cash usage in Chile, despite a further decline in the overall value of this payment type. Cash usage tends to be higher among individuals over 60 years of age, those from lower socio-economic backgrounds, and regions outside of the south. However, an ecosystem is developing with different payment methods that could generate a general downward trend in using cash in the medium term.

The Financial Cards and Payments in Chile report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, Mobile Payments, Transactions.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Financial Cards and Payments market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

FINANCIAL CARDS AND PAYMENTS IN CHILE
EXECUTIVE SUMMARY
  • Financial cards and payments in 2023: The big picture
  • 2023 key trends
  • Tap on Phone tech transforms Chile's payment landscape
  • Competitive landscape
  • What next for financial cards and payments?
MARKET INDICATORS
  • Table 1 Number of POS Terminals: Units 2018-2023
  • Table 2 Number of ATMs: Units 2018-2023
  • Table 3 Value Lost to Fraud 2018-2023
  • Table 4 Card Expenditure by Location 2023
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2018-2023
  • Table 6 Domestic versus Foreign Spend 2023
MARKET DATA
  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2018-2023
  • Table 8 Financial Cards by Category: Number of Accounts 2018-2023
  • Table 9 Financial Cards Transactions by Category: Value 2018-2023
  • Table 10 Financial Cards by Category: Number of Transactions 2018-2023
  • Table 11 Consumer Payments by Category: Value 2018-2023
  • Table 12 Consumer Payments by Category: Number of Transactions 2018-2023
  • Table 13 M-Commerce by Category: Value 2018-2023
  • Table 14 M-Commerce by Category: % Value Growth 2018-2023
  • Table 15 Financial Cards: Number of Cards by Issuer 2018-2022
  • Table 16 Financial Cards: Number of Cards by Operator 2018-2022
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2018-2022
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2018-2022
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2023-2028
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2023-2028
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2023-2028
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2023-2028
  • Table 23 Forecast Consumer Payments by Category: Value 2023-2028
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2023-2028
  • Table 25 Forecast M-Commerce by Category: Value 2023-2028
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
DEBIT CARDS IN CHILEKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Cash and debit cards in post-pandemic Chile: Shifting payment preferences
  • Digital revolution: Reshaping Chile's banking landscape for a cashless future
  • Tap on Phone technology
PROSPECTS AND OPPORTUNITIES
  • The rise of contactless and QR code payments
  • The evolution of financial inclusion in Chile
  • The growing influence of digital wallets in Chile
CATEGORY DATA
  • Table 27 Debit Cards: Number of Cards in Circulation 2018-2023
  • Table 28 Debit Cards Transactions 2018-2023
  • Table 29 Debit Cards in Circulation: % Growth 2018-2023
  • Table 30 Debit Cards Transactions: % Growth 2018-2023
  • Table 31 Debit Cards: Number of Cards by Issuer 2018-2022
  • Table 32 Debit Cards: Number of Cards by Operator 2018-2022
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2018-2022
  • Table 34 Debit Cards Payment Transaction Value by Operator 2018-2022
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2023-2028
  • Table 36 Forecast Debit Cards Transactions 2023-2028
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2023-2028
  • Table 38 Forecast Debit Cards Transactions: % Growth 2023-2028
CREDIT CARDS IN CHILEKEY DATA FINDINGS
2023 DEVELOPMENTS
  • From swipes to clicks: The digital evolution of credit cards in Chile
  • The growing influence of digital wallets
  • Dominance and diversification of payment acquirers
PROSPECTS AND OPPORTUNITIES
  • Reshaping Chile's banking landscape for a cashless future
  • Implications of reduced interchange rates for Transbank and beyond
  • Exploring the impact of Chile's progressive Fintech Law
CATEGORY DATA
  • Table 39 Credit Cards: Number of Cards in Circulation 2018-2023
  • Table 40 Credit Cards Transactions 2018-2023
  • Table 41 Credit Cards in Circulation: % Growth 2018-2023
  • Table 42 Credit Cards Transactions: % Growth 2018-2023
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2018-2023
  • Table 44 Commercial Credit Cards Transactions 2018-2023
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2018-2023
  • Table 46 Commercial Credit Cards Transactions: % Growth 2018-2023
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2018-2023
  • Table 48 Personal Credit Cards Transactions 2018-2023
  • Table 49 Personal Credit Cards in Circulation: % Growth 2018-2023
  • Table 50 Personal Credit Cards Transactions: % Growth 2018-2023
  • Table 51 Credit Cards: Number of Cards by Issuer 2018-2022
  • Table 52 Credit Cards: Number of Cards by Operator 2018-2022
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2018-2022
  • Table 54 Credit Cards Payment Transaction Value by Operator 2018-2022
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2018-2022
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2018-2022
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2018-2022
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2018-2022
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2018-2022
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2018-2022
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2018-2022
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2018-2022
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2023-2028
  • Table 64 Forecast Credit Cards Transactions 2023-2028
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2023-2028
  • Table 66 Forecast Credit Cards Transactions: % Growth 2023-2028
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2023-2028
  • Table 68 Forecast Commercial Credit Cards Transactions 2023-2028
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2023-2028
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2023-2028
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2023-2028
  • Table 72 Forecast Personal Credit Cards Transactions 2023-2028
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2023-2028
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2023-2028
PRE-PAID CARDS IN CHILEKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Payment Means Law pushes growth in pre-paid cards
  • Beyond borders: Bridging the gap in financial access for immigrants in Chile
  • Bip Card innovation: From contactless to QR codes for effortless mobility payments
PROSPECTS AND OPPORTUNITIES
  • Cryptocurrency platform's diversification: Buda.com's foray into payment services
  • Dual power of shopping: Exploring the GiftCard alliance
  • The impact of mPOS devices on Chilean SMEs
CATEGORY DATA
  • Table 75 Pre-paid Cards: Number of Cards in Circulation 2018-2023
  • Table 76 Pre-paid Cards Transactions 2018-2023
  • Table 77 Pre-paid Cards in Circulation: % Growth 2018-2023
  • Table 78 Pre-paid Cards Transactions: % Growth 2018-2023
  • Table 79 Closed Loop Pre-paid Cards Transactions 2018-2023
  • Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
  • Table 81 Open Loop Pre-paid Cards Transactions 2018-2023
  • Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2018-2023
  • Table 83 Pre-paid Cards: Number of Cards by Issuer 2018-2022
  • Table 84 Pre-paid Cards: Number of Cards by Operator 2018-2022
  • Table 85 Pre-paid Cards Transaction Value by Issuer 2018-2022
  • Table 86 Pre-paid Cards Transaction Value by Operator 2018-2022
  • Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022
  • Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2018-2022
  • Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2018-2022
  • Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2018-2022
  • Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022
  • Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2018-2022
  • Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2018-2022
  • Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2018-2022
  • Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2023-2028
  • Table 96 Forecast Pre-paid Cards Transactions 2023-2028
  • Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2023-2028
  • Table 98 Forecast Pre-paid Cards Transactions: % Growth 2023-2028
  • Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2023-2028
  • Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2023-2028
  • Table 101 Forecast Open Loop Pre-paid Cards Transactions 2023-2028
  • Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2023-2028
STORE CARDS IN CHILEKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Store cards continue to face competition from credit cards
  • Merger momentum as ABC Visa credit card stalls store card growth
PROSPECTS AND OPPORTUNITIES
  • Unipay: From store card to multifunctional digital payment solution
  • Modernising retail transactions: Introducing the Multitarjeta payment system
  • Store cards can continue to bridge the gap in financial access for immigrants in Chile
CATEGORY DATA
  • Table 103 Store Cards: Number of Cards in Circulation 2018-2023
  • Table 104 Store Cards Transactions 2018-2023
  • Table 105 Store Cards in Circulation: % Growth 2018-2023
  • Table 106 Store Cards Transactions: % Growth 2018-2023
  • Table 107 Store Cards: Number of Cards by Issuer 2018-2022
  • Table 108 Store Cards: Payment Transaction Value by Issuer 2018-2022
  • Table 109 Forecast Store Cards: Number of Cards in Circulation 2023-2028
  • Table 110 Forecast Store Cards Transactions 2023-2028
  • Table 111 Forecast Store Cards in Circulation: % Growth 2023-2028
  • Table 112 Forecast Store Cards Transactions: % Growth 2023-2028