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Country Report

Debit Transactions in

Debit Cards in Chile

17 pages, Nov 2018

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!

PROSPECTS

Debit cards are the most vulnerable in fraud schemes

Debit cards have historically been the most vulnerable card type to clone or skim as they represent the most basic cards in terms of fraud protection. Although government authorities along with the Economic Crime Brigade (BRIDEC) and the Investigation Police (PDI) annually launch campaigns to make the public aware of the need to protect their banking code numbers, new forms of fraud schemes continue to increase by cloning magnetic bands or ATM skimming.

Immigrants boost growth in debit cards through “Cuenta RUT”

Towards the end of the review period, there was an influx of immigrants from different Latin American countries looking for new economic opportunities. Many of them entered Chile as tourists but remained illegally due to the low regularisation that exists upon entering the country.

Transbank’s monopoly is threatened by Multicaja

Chile is one of the few countries in Latin America where there is only one credit card POS operator; Transbank historically owned the POS network that allows for credit and debit cards to perform payments. Multicaja is its main threat and although it has been operating for more than 10 years in the country, it has recently been able to acquire the license to operate Visa and Mastercard credit and debit cards.

COMPETITIVE LANDSCAPE

Banco del Estado will continue to lead growth through inclusion

Banco del Estado is the largest debit card issuer in the country and is predicted to continue to be into the early part of the forecast period, due to the expansion of its client portfolio to immigrants who have regularised their visa situation and enhancing bank inclusion for locals. Any resident who has a national identification number, “RUT”, has the possibility to opt for a "Cuenta Rut" card that acts as a debit card to buy from any type of business in the country, thus being the most used financial instrument in Chile.

Banco del Estado announces agreement with Visa to upgrade cards

Due to recurring debit card fraud in Chile, at the end of 2017, Banco del Estado announced an agreement with Visa to issue its cards in products related to “Cuenta Rut” (the equivalent of a debit card), current account, and electronic cheque book. The technology that Visa presents in its products allows for Banco del Estado to add an electronic chip to its card portfolio, granting an upgrade to the security of this type of card.

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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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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

PROSPECTS

Credit Cards in Chile - Category analysis

Credit Cards in Chile - Company Profile

HEADLINES

PROSPECTS

Retail banking will intensify consumer segmentation

Credit card perks add value to its use

Cyber frauds alert Chileans

COMPETITIVE LANDSCAPE

Co-branded cards search for clients through alliances with banks and companies

Digital banking app services gain consumers’ trust

Banco Santander rewards good financial behaviour

CATEGORY DATA

Table 1 Credit Cards: Number of Cards in Circulation 2013-2018
Table 2 Credit Cards Transactions 2013-2018
Table 3 Credit Cards in Circulation: % Growth 2013-2018
Table 4 Credit Cards Transactions: % Growth 2013-2018
Table 5 Commercial Credit Cards: Number of Cards in Circulation 2013-2018
Table 6 Commercial Credit Cards Transactions 2013-2018
Table 7 Commercial Credit Cards in Circulation: % Growth 2013-2018
Table 8 Commercial Credit Cards Transactions: % Growth 2013-2018
Table 9 Personal Credit Cards: Number of Cards in Circulation 2013-2018
Table 10 Personal Credit Cards Transactions 2013-2018
Table 11 Personal Credit Cards in Circulation: % Growth 2013-2018
Table 12 Personal Credit Cards Transactions: % Growth 2013-2018
Table 13 Credit Cards: Number of Cards by Issuer 2013-2017
Table 14 Credit Cards: Number of Cards by Operator 2013-2017
Table 15 Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 16 Credit Cards Payment Transaction Value by Operator 2013-2017
Table 17 Commercial Credit Cards: Number of Cards by Issuer 2013-2017
Table 18 Commercial Credit Cards: Number of Cards by Operator 2013-2017
Table 19 Commercial Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 20 Commercial Credit Cards Payment Transaction Value by Operator 2013-2017
Table 21 Personal Credit Cards: Number of Cards by Issuer 2013-2017
Table 22 Personal Credit Cards: Number of Cards by Operator 2013-2017
Table 23 Personal Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 24 Personal Credit Cards Payment Transaction Value by Operator 2013-2017
Table 25 Forecast Credit Cards: Number of Cards in Circulation 2018-2023
Table 26 Forecast Credit Cards Transactions 2018-2023
Table 27 Forecast Credit Cards in Circulation: % Growth 2018-2023
Table 28 Forecast Credit Cards Transactions: % Growth 2018-2023
Table 29 Forecast Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 30 Forecast Commercial Credit Cards Transactions 2018-2023
Table 31 Forecast Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 32 Forecast Commercial Credit Cards Transactions: % Growth 2018-2023
Table 33 Forecast Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 34 Forecast Personal Credit Cards Transactions 2018-2023
Table 35 Forecast Personal Credit Cards in Circulation: % Growth 2018-2023
Table 36 Forecast Personal Credit Cards Transactions: % Growth 2018-2023

Debit Cards in Chile - Category analysis

Debit Cards in Chile - Company Profile

HEADLINES

PROSPECTS

Debit cards are the most vulnerable in fraud schemes

Immigrants boost growth in debit cards through “Cuenta RUT”

Transbank’s monopoly is threatened by Multicaja

COMPETITIVE LANDSCAPE

Banco del Estado will continue to lead growth through inclusion

Banco del Estado announces agreement with Visa to upgrade cards

CATEGORY DATA

Table 37 Debit Cards: Number of Cards in Circulation 2013-2018
Table 38 Debit Cards Transactions 2013-2018
Table 39 Debit Cards in Circulation: % Growth 2013-2018
Table 40 Debit Cards Transactions: % Growth 2013-2018
Table 41 Debit Cards: Number of Cards by Issuer 2013-2017
Table 42 Debit Cards: Number of Cards by Operator 2013-2017
Table 43 Debit Cards Payment Transaction Value by Issuer 2013-2017
Table 44 Debit Cards Payment Transaction Value by Operator 2013-2017
Table 45 Forecast Debit Cards: Number of Cards in Circulation 2018-2023
Table 46 Forecast Debit Cards Transactions 2018-2023
Table 47 Forecast Debit Cards in Circulation: % Growth 2018-2023
Table 48 Forecast Debit Cards Transactions: % Growth 2018-2023

Pre-Paid Cards in Chile - Category analysis

Pre-Paid Cards in Chile - Company Profile

HEADLINES

PROSPECTS

The evolution of open loop pre-paid cards in Chile

Metro de Santiago powers its Bip! card

Gift cards facilitate the shopping experience

COMPETITIVE LANDSCAPE

AFT is the only player with a physical open loop pre-paid card

Metro de Santiago continues to work on its transition

New players are interested in open loop pre-paid cards

CATEGORY DATA

Table 49 Pre-paid Cards: Number of Cards in Circulation 2013-2018
Table 50 Pre-paid Cards Transactions 2013-2018
Table 51 Pre-paid Cards in Circulation: % Growth 2013-2018
Table 52 Pre-paid Cards Transactions: % Growth 2013-2018
Table 53 Closed Loop Pre-paid Cards Transactions 2013-2018
Table 54 Closed Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 55 Open Loop Pre-paid Cards Transactions 2013-2018
Table 56 Open Loop Pre-paid Cards Transactions: % Growth 2016-2018
Table 57 Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 58 Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 59 Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 60 Pre-paid Cards Transaction Value by Operator 2013-2017
Table 61 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 62 Closed Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 63 Closed Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 64 Closed Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 65 Forecast Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 66 Forecast Pre-paid Cards Transactions 2018-2023
Table 67 Forecast Pre-paid Cards in Circulation: % Growth 2018-2023
Table 68 Forecast Pre-paid Cards Transactions: % Growth 2018-2023
Table 69 Forecast Closed Loop Pre-paid Cards Transactions 2018-2023
Table 70 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 71 Forecast Open Loop Pre-paid Cards Transactions 2018-2023
Table 72 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2018-2023

Store Cards in Chile - Category analysis

Store Cards in Chile - Company Profile

HEADLINES

PROSPECTS

Store cards declines as retailers migrate to co-branded cards

Immigrants find an opportunity purchasing durables

Store cards continue creating value with partnerships

COMPETITIVE LANDSCAPE

Issuer Falabella continues to lead store cards

CATEGORY DATA

Table 73 Store Cards: Number of Cards in Circulation 2013-2018
Table 74 Store Cards Transactions 2013-2018
Table 75 Store Cards in Circulation: % Growth 2013-2018
Table 76 Store Cards Transactions: % Growth 2013-2018
Table 77 Store Cards: Number of Cards by Issuer 2013-2017
Table 78 Store Cards: Payment Transaction Value by Issuer 2013-2017
Table 79 Forecast Store Cards: Number of Cards in Circulation 2018-2023
Table 80 Forecast Store Cards Transactions 2018-2023
Table 81 Forecast Store Cards in Circulation: % Growth 2018-2023
Table 82 Forecast Store Cards Transactions: % Growth 2018-2023

Financial Cards and Payments in Chile - Industry Overview

EXECUTIVE SUMMARY

Chile moves towards banking inclusion

Banks compete by adding value through partnerships

Main players in banked retail cause segmentation within the financial service

Open loop pre-paid cards will become a milestone in banking inclusion

Consumers will develop digitally but cyberattacks threaten their confidence

MARKET INDICATORS

Table 83 Number of POS Terminals: Units 2013-2018
Table 84 Number of ATMs: Units 2013-2018
Table 85 Value Lost to Fraud 2013-2018
Table 86 Card Expenditure by Location 2017
Table 87 Financial Cards in Circulation by Type: % Number of Cards 2013-2018
Table 88 Domestic versus Foreign Spend 2018

MARKET DATA

Table 89 Financial Cards by Category: Number of Cards in Circulation 2013-2018
Table 90 Financial Cards by Category: Number of Accounts 2013-2018
Table 91 Financial Cards Transactions by Category: Value 2013-2018
Table 92 Financial Cards by Category: Number of Transactions 2013-2018
Table 93 Consumer Payments by Category: Value 2013-2018
Table 94 Consumer Payments by Category: Number of Transactions 2013-2018
Table 95 M-Commerce by Category: Value 2013-2018
Table 96 M-Commerce by Category: % Value Growth 2013-2018
Table 97 Financial Cards: Number of Cards by Issuer 2013-2017
Table 98 Financial Cards: Number of Cards by Operator 2013-2017
Table 99 Financial Cards: Card Payment Transactions Value by Operator 2013-2017
Table 100 Financial Cards: Card Payment Transactions Value by Issuer 2013-2017
Table 101 Forecast Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 102 Forecast Financial Cards by Category: Number of Accounts 2018-2023
Table 103 Forecast Financial Cards Transactions by Category: Value 2018-2023
Table 104 Forecast Financial Cards by Category: Number of Transactions 2018-2023
Table 105 Forecast Consumer Payments by Category: Value 2018-2023
Table 106 Forecast Consumer Payments by Category: Number of Transactions 2018-2023
Table 107 Forecast M-Commerce by Category: Value 2018-2023
Table 108 Forecast M-Commerce by Category: % Value Growth 2018-2023

Megatrends

Country Report

Debit Cards in Chile

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Debit cards are the most vulnerable in fraud schemes

Immigrants boost growth in debit cards through “Cuenta RUT”

Transbank’s monopoly is threatened by Multicaja

COMPETITIVE LANDSCAPE

Banco del Estado will continue to lead growth through inclusion

Banco del Estado announces agreement with Visa to upgrade 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

PROSPECTS

Credit Cards in Chile - Category analysis

Credit Cards in Chile - Company Profile

HEADLINES

PROSPECTS

Retail banking will intensify consumer segmentation

Credit card perks add value to its use

Cyber frauds alert Chileans

COMPETITIVE LANDSCAPE

Co-branded cards search for clients through alliances with banks and companies

Digital banking app services gain consumers’ trust

Banco Santander rewards good financial behaviour

CATEGORY DATA

Debit Cards in Chile - Category analysis

Debit Cards in Chile - Company Profile

HEADLINES

PROSPECTS

Debit cards are the most vulnerable in fraud schemes

Immigrants boost growth in debit cards through “Cuenta RUT”

Transbank’s monopoly is threatened by Multicaja

COMPETITIVE LANDSCAPE

Banco del Estado will continue to lead growth through inclusion

Banco del Estado announces agreement with Visa to upgrade cards

CATEGORY DATA

Pre-Paid Cards in Chile - Category analysis

Pre-Paid Cards in Chile - Company Profile

HEADLINES

PROSPECTS

The evolution of open loop pre-paid cards in Chile

Metro de Santiago powers its Bip! card

Gift cards facilitate the shopping experience

COMPETITIVE LANDSCAPE

AFT is the only player with a physical open loop pre-paid card

Metro de Santiago continues to work on its transition

New players are interested in open loop pre-paid cards

CATEGORY DATA

Store Cards in Chile - Category analysis

Store Cards in Chile - Company Profile

HEADLINES

PROSPECTS

Store cards declines as retailers migrate to co-branded cards

Immigrants find an opportunity purchasing durables

Store cards continue creating value with partnerships

COMPETITIVE LANDSCAPE

Issuer Falabella continues to lead store cards

CATEGORY DATA

Financial Cards and Payments in Chile - Industry Overview

EXECUTIVE SUMMARY

Chile moves towards banking inclusion

Banks compete by adding value through partnerships

Main players in banked retail cause segmentation within the financial service

Open loop pre-paid cards will become a milestone in banking inclusion

Consumers will develop digitally but cyberattacks threaten their confidence

MARKET INDICATORS

MARKET DATA

DEFINITIONS

SOURCES