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Build a new audience and boost your revenue by selling into Chile, leveraging our proven global infrastructure to enter new markets with ease..
*The sale of certain products in this market may be subject to international export regulations. If you would like to learn more about selling into this market, lets chat.
Chile is an attractive investment opportunity as it’s deemed one of the least bureaucratic states in South America. The country is one of the best managed economies in the region and is known for being open to foreign investment. Chile is a popular starting point for businesses expanding to South America, with Santiago a popular destination for the headquarters of regional operations.
Ecommerce sales in Chile surpassed $6 billion in 2019, an increase of almost 17% over 2018. Estimates project that Chilean online sales revenue will increase more than 21% in 2020. Also, in 2020, business-to-consumer ecommerce sales are forecast to represent 9.5% of total retail sales in Chile, a share which is more than three times higher than predicted for overall Latin America. Likewise, the percentage of online sales through a mobile device has consistently increased over recent years.
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.
Digital River can support the sales of these types of products for this specific market.
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In Latin America, even though cash-based payments are hard to beat in ecommerce (with notoriously convenient kiosk cash payments methods such as Boleto Bancário, or OXXO setting the tone these days), central banks actively collaborate with the fintech environment and the government to create a climate of financial inclusion and offer unbanked citizens easy means of paying and purchasing online in faster and safer conditions.
The list below represents the current categories of payment options Digital River supports for this market.