Digital Wallet Solutions

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

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PayPal

Brazil

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PicPay

Brazil

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Nequi

Colombia

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MACH Pay

Chile

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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.

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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

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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

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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

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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

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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

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

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