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Country Report

Debit Transactions in

Debit Cards in Chile

Jan 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Debit cards become more popular for online payments as e-commerce booms

While the use of debit cards as online payment tools was quite limited before the onset of the COVID-19 crisis, the category saw huge growth over the course of 2020 as demand for e-commerce boomed during the pandemic. With consumers increasingly interested in engaging with e-commerce, a retail channel which is very much in line with the principles of social distancing, many online merchants began offering their customers the option to pay for their purchases using a debit cards.

Santander and Banco de Chile launch new accounts to compete with Cuenta Rut

Santander and Banco de Chile both launched new debit card-linked accounts during 2020 in response to the COVID-19 situation. While this can be seen primarily as a way of competing with Banco Estado’s category-defining Cuenta Rut card, it can also be viewed as an explicit attempt to attract consumers looking for new ways to reduce the sometimes high costs associated with holding a bank account.

Decline in cash usage drives consumers to debit cards

One of the major impacts of the COVID-19 pandemic on Chile’s financial cards and payments industry is that both consumers and retailers have been motivated to move away from the use of cash, with debit cards one of the biggest winners from this scenario. A high proportion of debit cardholders were previously accustomed to having funds deposited into their debit card-linked accounts and then withdrawing the whole sum from an ATM so as to use cash to pay for every purchase.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Delivery Method

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Overview

Discover the latest market trends and uncover sources of future market growth for the Debit Transactions industry in Chile with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Debit Transactions industry in Chile, our research will save you time and money while empowering you to make informed, profitable decisions.

The Debit Transactions in Chile market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Debit Transactions in Chile?
What are the major operators and issuers in Chile?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Debit Transactions in Chile, originate from our database within our Consumer Finance market share and market size database.

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Charge Cards in Chile - Category analysis

Charge Cards in Chile - Company Profile

2020 IMPACT

Charge cards virtually unknown in Chile

Credit Cards in Chile - Category analysis

Credit Cards in Chile - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Financial Portability Law to generate higher levels of competition

E-commerce revolution boosts average transaction value, driving growth

Falabella and CMR continue to innovate with their co-branded credit cards

RECOVERY AND OPPORTUNITIES

Financial Portability Law set to open up a wider range of opportunities

Higher levels of debt delinquency and increased transactions value to emerge

Transaction volume to come under pressure as consumers look to limit spending

CATEGORY DATA

Table 1 Credit Cards: Number of Cards in Circulation 2015-2020
Table 2 Credit Cards Transactions 2015-2020
Table 3 Credit Cards in Circulation: % Growth 2015-2020
Table 4 Credit Cards Transactions: % Growth 2015-2020
Table 5 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
Table 6 Commercial Credit Cards Transactions 2015-2020
Table 7 Commercial Credit Cards in Circulation: % Growth 2015-2020
Table 8 Commercial Credit Cards Transactions: % Growth 2015-2020
Table 9 Personal Credit Cards: Number of Cards in Circulation 2015-2020
Table 10 Personal Credit Cards Transactions 2015-2020
Table 11 Personal Credit Cards in Circulation: % Growth 2015-2020
Table 12 Personal Credit Cards Transactions: % Growth 2015-2020
Table 13 Credit Cards: Number of Cards by Issuer 2015-2019
Table 14 Credit Cards: Number of Cards by Operator 2015-2019
Table 15 Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 16 Credit Cards Payment Transaction Value by Operator 2015-2019
Table 17 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
Table 18 Commercial Credit Cards: Number of Cards by Operator 2015-2019
Table 19 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 20 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
Table 21 Personal Credit Cards: Number of Cards by Issuer 2015-2019
Table 22 Personal Credit Cards: Number of Cards by Operator 2015-2019
Table 23 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 24 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
Table 25 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
Table 26 Forecast Credit Cards Transactions 2020-2025
Table 27 Forecast Credit Cards in Circulation: % Growth 2020-2025
Table 28 Forecast Credit Cards Transactions: % Growth 2020-2025
Table 29 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 30 Forecast Commercial Credit Cards Transactions 2020-2025
Table 31 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 32 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
Table 33 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 34 Forecast Personal Credit Cards Transactions 2020-2025
Table 35 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
Table 36 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in Chile - Category analysis

Debit Cards in Chile - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Debit cards become more popular for online payments as e-commerce booms

Santander and Banco de Chile launch new accounts to compete with Cuenta Rut

Decline in cash usage drives consumers to debit cards

RECOVERY AND OPPORTUNITIES

Underserved debit consumers to experience increased offers in e-commerce

Economic uncertainty set to drive greater use of debit cards

Reductions in operating costs and increased usage set to be evident in debit cards

CATEGORY DATA

Table 37 Debit Cards: Number of Cards in Circulation 2015-2020
Table 38 Debit Cards Transactions 2015-2020
Table 39 Debit Cards in Circulation: % Growth 2015-2020
Table 40 Debit Cards Transactions: % Growth 2015-2020
Table 41 Debit Cards: Number of Cards by Issuer 2015-2019
Table 42 Debit Cards: Number of Cards by Operator 2015-2019
Table 43 Debit Cards Payment Transaction Value by Issuer 2015-2019
Table 44 Debit Cards Payment Transaction Value by Operator 2015-2019
Table 45 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
Table 46 Forecast Debit Cards Transactions 2020-2025
Table 47 Forecast Debit Cards in Circulation: % Growth 2020-2025
Table 48 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in Chile - Category analysis

Pre-Paid Cards in Chile - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Banks create general purpose reloadable cards to target underserved consumers

Closed loop pre-paid cards hit hard by declining use of public transportation

Gift cards go digital, influencing growth in closed loop pre-paid cards

RECOVERY AND OPPORTUNITIES

Reductions in public transport usage to negatively impact closed loop pre-paid cards

Digital gift cards to support growth in closed loop pre-paid cards

Open loop pre-paid cards to see growth as people look for safer online payments

CATEGORY DATA

Table 49 Pre-paid Cards: Number of Cards in Circulation 2015-2020
Table 50 Pre-paid Cards Transactions 2015-2020
Table 51 Pre-paid Cards in Circulation: % Growth 2015-2020
Table 52 Pre-paid Cards Transactions: % Growth 2015-2020
Table 53 Closed Loop Pre-paid Cards Transactions 2015-2020
Table 54 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 55 Open Loop Pre-paid Cards Transactions 2015-2020
Table 56 Open Loop Pre-paid Cards Transactions: % Growth 2016-2019
Table 57 Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 58 Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 59 Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 60 Pre-paid Cards Transaction Value by Operator 2015-2019
Table 61 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 62 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 63 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 64 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 65 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 66 Forecast Pre-paid Cards Transactions 2020-2025
Table 67 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
Table 68 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
Table 69 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
Table 70 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 71 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
Table 72 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Store Cards in Chile - Category analysis

Store Cards in Chile - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Store cards falters amidst a significant reduction in category players

Empresas Hites gains ground in an increasingly desolate category as rivals withdraw

RECOVERY AND OPPORTUNITIES

Further declines to be seen for store cards during the forecast period

Leading player Empresas Hites plans a more conservative approach

The competition coming from integral payment solutions to become more intense

CATEGORY DATA

Table 73 Store Cards: Number of Cards in Circulation 2015-2020
Table 74 Store Cards Transactions 2015-2020
Table 75 Store Cards in Circulation: % Growth 2015-2020
Table 76 Store Cards Transactions: % Growth 2015-2020
Table 77 Store Cards: Number of Cards by Issuer 2015-2019
Table 78 Store Cards: Payment Transaction Value by Issuer 2015-2019
Table 79 Forecast Store Cards: Number of Cards in Circulation 2020-2025
Table 80 Forecast Store Cards Transactions 2020-2025
Table 81 Forecast Store Cards in Circulation: % Growth 2020-2025
Table 82 Forecast Store Cards Transactions: % Growth 2020-2025

Financial Cards and Payments in Chile - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Legislative action and financial stimulus drive growth in financial cards and payments

Higher investment in e-commerce and banking apps improve convenience

A sedate year for players looking to safeguard continuity and meet client needs

What next for consumer payments?

MARKET INDICATORS

Table 83 Number of POS Terminals: Units 2015-2020
Table 84 Number of ATMs: Units 2015-2020
Table 85 Value Lost to Fraud 2015-2020
Table 86 Card Expenditure by Location 2020
Table 87 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
Table 88 Domestic versus Foreign Spend 2020

MARKET DATA

Table 89 Financial Cards by Category: Number of Cards in Circulation 2015-2020
Table 90 Financial Cards by Category: Number of Accounts 2015-2020
Table 91 Financial Cards Transactions by Category: Value 2015-2020
Table 92 Financial Cards by Category: Number of Transactions 2015-2020
Table 93 Consumer Payments by Category: Value 2015-2020
Table 94 Consumer Payments by Category: Number of Transactions 2015-2020
Table 95 M-Commerce by Category: Value 2015-2020
Table 96 M-Commerce by Category: % Value Growth 2015-2020
Table 97 Financial Cards: Number of Cards by Issuer 2015-2019
Table 98 Financial Cards: Number of Cards by Operator 2015-2019
Table 99 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
Table 100 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
Table 101 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 102 Forecast Financial Cards by Category: Number of Accounts 2020-2025
Table 103 Forecast Financial Cards Transactions by Category: Value 2020-2025
Table 104 Forecast Financial Cards by Category: Number of Transactions 2020-2025
Table 105 Forecast Consumer Payments by Category: Value 2020-2025
Table 106 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
Table 107 Forecast M-Commerce by Category: Value 2020-2025
Table 108 Forecast M-Commerce by Category: % Value Growth 2020-2025

Megatrends

Country Report

Debit Cards in Chile

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Debit cards become more popular for online payments as e-commerce booms

Santander and Banco de Chile launch new accounts to compete with Cuenta Rut

Decline in cash usage drives consumers to debit cards

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in Chile - Category analysis

Charge Cards in Chile - Company Profile

2020 IMPACT

Charge cards virtually unknown in Chile

Credit Cards in Chile - Category analysis

Credit Cards in Chile - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Financial Portability Law to generate higher levels of competition

E-commerce revolution boosts average transaction value, driving growth

Falabella and CMR continue to innovate with their co-branded credit cards

RECOVERY AND OPPORTUNITIES

Financial Portability Law set to open up a wider range of opportunities

Higher levels of debt delinquency and increased transactions value to emerge

Transaction volume to come under pressure as consumers look to limit spending

CATEGORY DATA

Debit Cards in Chile - Category analysis

Debit Cards in Chile - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Debit cards become more popular for online payments as e-commerce booms

Santander and Banco de Chile launch new accounts to compete with Cuenta Rut

Decline in cash usage drives consumers to debit cards

RECOVERY AND OPPORTUNITIES

Underserved debit consumers to experience increased offers in e-commerce

Economic uncertainty set to drive greater use of debit cards

Reductions in operating costs and increased usage set to be evident in debit cards

CATEGORY DATA

Pre-Paid Cards in Chile - Category analysis

Pre-Paid Cards in Chile - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Banks create general purpose reloadable cards to target underserved consumers

Closed loop pre-paid cards hit hard by declining use of public transportation

Gift cards go digital, influencing growth in closed loop pre-paid cards

RECOVERY AND OPPORTUNITIES

Reductions in public transport usage to negatively impact closed loop pre-paid cards

Digital gift cards to support growth in closed loop pre-paid cards

Open loop pre-paid cards to see growth as people look for safer online payments

CATEGORY DATA

Store Cards in Chile - Category analysis

Store Cards in Chile - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Store cards falters amidst a significant reduction in category players

Empresas Hites gains ground in an increasingly desolate category as rivals withdraw

RECOVERY AND OPPORTUNITIES

Further declines to be seen for store cards during the forecast period

Leading player Empresas Hites plans a more conservative approach

The competition coming from integral payment solutions to become more intense

CATEGORY DATA

Financial Cards and Payments in Chile - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Legislative action and financial stimulus drive growth in financial cards and payments

Higher investment in e-commerce and banking apps improve convenience

A sedate year for players looking to safeguard continuity and meet client needs

What next for consumer payments?

MARKET INDICATORS

MARKET DATA

DISCLAIMER