Digital Wallets

Harness the growth of digital wallets in rising economies by processing payments with EBANX and enabling multiple options under a single integration

Global businesses were able to increase their voucher conversion rates by an average of +27 percentual points due to EBANX exclusive voucher redesign, based on customer behavior and preferences.

Mercado Pago 

Brazil, Mexico, Chile, and Uruguay

Learn more

PayPal

Brazil

Learn more

PicPay

Brazil

Learn more

Nequi

Colombia

Learn more

MACH Pay

Chile

Learn more
Get Started

Digital Wallets

The powerhouse of digital payments in growing economies  

Besides being the third most used payment method in Latin America's digital commerce with a USD 39 billion in online sales volume in 2022, digital wallets  are already the second fastest growing form of payment method with a 2020-2022 CAGR of 30%. 

Also, considering all EBANX merchants, the payment volume processed from wallets increased at a 2019-2022 CAGR of 2437%.

Source: EBANX & AMI, datapack 2022

Benefits:

Increased addressable market

Online availability 

Real-time payment confirmation

Charges in local currency

Increased addressable market

Customer's data added directly on the digital wallet.

How digital wallets work

Customer selects a specific digital wallet on the checkout page.

Customer is redirected to the digital wallet's environment or scans a QR Code through the mobile app. 

Customer authorizes the payment and is  redirected back to the merchant's website.

Once the payment is confirmed, a confirmation notification is sent right away to the customer’s email.

Get Started

EBANX digital wallet offer

Learn about Mercado Pago

Mercado Pago is a multi acquiring platform which belongs to the Latin American e-commerce behemoth, Mercado Libre. Besides offering several financial services, it is the most used digital wallet in LatAm's digital commerce. This e-wallet currently has 31.5 million users and covers the largest Latin American economies. Mercado Pago enables payment via credit and debit card, and stored balance.

Specs

Countries available:

Brazil, Mexico, Chile, and Uruguay

Currencies accepted:

BRL (Brazilian Real), MXN (Mexican Peso), CLP (Chilean peso), UYU (Uruguayan Peso) - can also have settlements in USD via EBANX

Cross border availability:

Yes

Payment confirmation:

Real-time

Recurring payments:

Yes (except Brazil)

Installments availability:

Yes (only in Brazil)

Refunds:

Yes

Get Started

Learn about PayPal

PayPal is the leading wallet for digital commerce in Brazil, for both domestic and cross-border purchases, currently representing 42% of the total sales volume originated from e-wallets in the country. It enables payment via credit and debit cards and, thanks to its strong global brand name and reputation for security, it has established a large market footprint.

Specs

Countries available:

Brazil

Currencies accepted:

BRL (Brazilian Real) - can also have settlements in USD via EBANX

Cross border availability:

Yes

Payment confirmation:

Real-time

Recurring payments:

Yes

Installments availability:

Yes

Refunds:

Yes

Get Started

Learn about PicPay

With a 55 million user base, PicPay is a popular wallet for P2P (Pay to Play) and QR code payments in physical stores, and it currently represents almost 10% of the total sales volume originated from digital wallets in the Brazilian digital commerce. This wallet enables payments via stored balance within it. 

Specs

Countries available:

Brazil

Currencies accepted:

BRL (Brazilian Real) - can also have settlements in USD via EBANX

Cross border availability:

Yes

Payment confirmation:

Real-time

Recurring payments:

No

Installments availability:

Yes

Refunds:

Yes

Get Started

Learn about Nequi

Nequi is the leading digital wallet for cross-border shopping in Colombia. With almost 10% of the country's population as users, this wallet currently grabs 10% of the total sales volume share originated from wallets in the Colombian digital commerce. Nequi enables payments via stored balance, bank transfer, PSE, and cards. 

Specs

Countries available with EBANX:

Colombia

Currencies accepted:

COP (Colombian Peso) - can also have settlements in USD via EBANX

Cross border availability:

Yes

Payment confirmation:

Real-time

Recurring payments:

Yes

Installments availability:

No

Refunds:

Yes

Get Started

Learn about MACHPay

MACHPay is a popular stored-balance wallet offered by Banco BCI. Currently used by more than 10% of Chile's population, it allows customers to scan a QR code on screen and pay directly with funds in their MACH wallet.

Specs with EBANX

Countries available:

Chile

Currencies accepted:

CLP (Chilean peso) - can also have settlements in USD via EBANX

Cross border availability:

Yes

Payment confirmation:

Real-time

Recurring payments:

No

Installments availability:

N/A

Refunds:

Yes

Get Started

Go beyond cards. Start processing payments with an all-in-one platform and the best alternative payment methods available in the market.

Get Started