ChilePay

What ChilePay does

ChilePay, formally the Corporación Chilena para la Digitalización del Efectivo (RUT N° 65.202.499-8), is a Chilean non-profit corporation founded in 2021 and headquartered in Las Condes, Santiago. It functions as a neutral convening body for Chile's payment ecosystem rather than a commercial product or software vendor. Its purpose is to promote financial inclusion through the digitization of cash-based payments, coordinating banks, payment networks, fintechs, processors, merchants, and cooperatives around shared standards, research, and regulatory dialogue.

The organization is funded by membership dues from over 50 member organizations across the payment value chain, including BancoEstado, Banco BCI, Itaú, Banco Falabella, Mastercard, Visa, Kushki, Klap, dLocal, EBANX, Redbanc, Evertec, NCR, ACH Chile, Coopeuch, LatamPay, and XP LATAM. Members participate as agents of change in the Mesas de Expertos (Expert Tables) and Mesas Temáticas (Thematic Tables), which cover Fraud & Cybersecurity, Open Finance, Financial Education, Innovation, and Studies. ChilePay produces recurring research IP, including the annual Digital Payment Survey and the 1st Radiografía de la Regulación de los Pagos en Chile 2025, and engages with regulators such as the Central Bank of Chile and the CMF.

Go-to-market is non-commercial: distribution occurs through member networks, Focal Points meetings, industry events (including ABECS Congress in Brazil), and collaborations with regional counterparts (Peru Payments Association, Cámara de Medios de Pago de Argentina). ChilePay has no disclosed proprietary technology stack, no software products, no API, and no AI/ML capabilities; its competitive position rests on institutional convening, multi-stakeholder governance, and intellectual output rather than technology. The 11-50 employee count and Las Condes headquarters are consistent with a lean association operating structure.

Name

ChilePay

Legal name

Corporación Chilena para la Digitalización del Efectivo

Website

https://chilepay.org

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

ChilePay is a Chilean non-profit industry association that convenes over 50 banks, payment networks, fintechs, and processors to coordinate digital payment adoption, financial inclusion, and regulatory dialogue across Chile's payment ecosystem.

Ownership category

akta.pro rank

Headquarters

HQ city

Las Condes

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Membership fees: ChilePay operates as a corporation funded by member organizations from the payment ecosystem. Members pay membership fees to participate in working groups, access studies and research, and collaborate on digital payment initiatives in Chile.

Distribution channels1 record

Marketing channels5 records

Core offering

ChilePay (Corporación Chilena para la Digitalización del Efectivo) is a non-profit membership corporation that serves as a coordination and convening body for Chile's payment ecosystem. It brings together banks, fintechs, payment networks, processors, and merchants to collaborate on digital payment adoption and financial inclusion through industry working groups, annual research publications, and structured dialogue with regulators. The organization does not develop or sell commercial software products; its value lies in ecosystem coordination, research output, and acting as a neutral industry voice.

Product overview

ChilePay (Corporación Chilena para la Digitalización del Efectivo) is a non-profit corporation that serves as a meeting point for Chile's payment ecosystem. Rather than offering a commercial product or software platform, ChilePay functions as an industry association that promotes financial inclusion and digital payment adoption across Chile. Their activities include conducting research studies on payment methods, organizing industry events and working groups (Expert Tables and Thematic Tables), facilitating collaboration among payment industry stakeholders (banks, fintechs, payment processors, and other members), and advocating for digital payment infrastructure development. The organization does not appear to offer distinct branded products or commercial software offerings — its primary value lies in convening the payment ecosystem, producing industry research (such as the annual Payment Methods Survey and the Payment Regulation Radiography), and supporting financial inclusion initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• ChilePay Corporate Membership Recurring membership program for payment ecosystem organizations (banks, fintechs, payment networks, processors, merchants) to join ChilePay, participate in working groups, access studies and research, and collaborate on digital payment initiatives in Chile.
• Industry Research Publications (e.g., 1era Radiografía de la Regulación de los pagos en Chile 2025, Digital Payment Survey 2025) Annual industry research outputs produced by ChilePay in collaboration with partners such as CNC, covering payment regulation, digital payment trends, and adoption data in Chile, made available to members and the broader ecosystem.
• Industry Events and Webinars (e.g., Focal Points Kick Off, fraud prevention panels) Events organized by ChilePay to convene ecosystem members and stakeholders, including Focal Points Kick Off meetings for initiative coordination and co-hosted panels such as the fraud prevention event with Equifax Chile on the evolution of fraud in the digital economy.

Quantifiable outcome

• Produced the 1st Radiography of Payment Regulation in Chile 2025 and annual Digital Payment Survey 2025 in collaboration with CNC
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

18 partnerships are on record, tiered core and minor.

• ACH (Automated Clearing House)coreOthersACH Chile is a member of ChilePay, participating in the payment ecosystem collaboration and digital payment initiatives. ACH operates the electronic clearing system for interbank transactions in Chile.
• MastercardcoreOthersMastercard participates as a member of ChilePay with Country Manager Thiago Dias serving on the Board of Directors. Mastercard contributes to fraud prevention initiatives and regional industry collaboration.
• VisacoreOthersVisa participates as a member of ChilePay with Country Manager Victor Wipe serving on the Board of Directors. Visa contributes to industry working groups and digital payment initiatives.
• BancoEstadocoreOthersBancoEstado, Chile's state-owned bank, is a member of ChilePay, contributing to financial inclusion initiatives and supporting digital payment adoption among underserved populations.
• Banco BCIcoreOthersBanco BCI participates in ChilePay with Fernando Calvo serving as Payments and Alliances Manager on the Board of Directors. BCI contributes to payment innovation and ecosystem collaboration.
• CoopeuchcoreOthersCoopeuch, Chile's largest credit union/cooperative, is a member with GM Rodrigo Silva serving on the Board. Coopeuch contributes to financial education initiatives and financial inclusion for working-class Chileans.
• KushkicoreOthersKushki, a payments infrastructure platform, is a member with Country Manager Carlos Molineiro on the Board. Kushki hosted ChilePay's Focal Points Kick Off meeting at its offices in 2026.
• KlapcoreOthersKlap, a payment solutions provider, is a member with GM Raúl Sapunar on the Board of Directors.
• EverteccoreOthersEvertec, a payment technology provider, participates with Country Manager Daniel Barba on the Board and Sandra Godoy serving as Legal Advisor representing Evertec.
• RedbanccoreTechnology or IntegrationRedbanc, Chile's main ATM network operator, is a member with Product Manager Tomás Crestani representing the organization. Redbanc operates critical payment infrastructure connecting banks and enabling card transactions.
• LatamPaycoreOthersLatamPay, a regional payments platform, is a member with Mauricio Chandía as partner and Juan Antonio Abraham as Coordinator of the Innovation Mesa.
• XP LATAMcoreOthersXP LATAM, a financial services platform, is a member with Co-Founder Jennifer Fernández on the Board of Directors.
• Equifax ChileminorOthersEquifax Chile partnered with ChilePay to host an event on fraud prevention in the digital economy, discussing how fraud is evolving and its impact on user trust.
• dLocalminorOthersdLocal, a cross-border payment platform enabling merchants to accept payments in emerging markets, is a member of ChilePay.
• EBANXminorOthersEBANX, a payment platform focused on emerging markets in Latin America, is a member of ChilePay.
• ABECS (Brazil)coreStrategic or Co-development PartnerABECS is Brazil's electronic payment methods association. ChilePay participates in ABECS Congress and collaborates on regional fraud prevention initiatives, sharing experiences with counterpart associations.
• Peru Payments AssociationminorStrategic or Co-development PartnerChilePay collaborates with Peru Payments Association as part of regional industry dialogue, particularly on fraud prevention topics.
• Cámara de Medios de Pago de ArgentinaminorStrategic or Co-development PartnerChilePay collaborates with Argentina's payment methods chamber as part of regional industry associations network, sharing experiences on payment industry challenges.

Recent moves6 records

Expansion highlights4 records

Direct peers

• Electronic Transactions Association (ETA): US trade association for the payments industry, representing merchants, networks, processors, and fintechs. Closely comparable membership-funded advocacy and education model serving a payments ecosystem.
• ABECS (Associação Brasileira das Empresas de Cartões de Crédito e Serviços): Brazil's electronic payment methods industry association. Direct functional peer — convenes banks, networks, processors, and fintechs in Brazil's payments ecosystem, produces industry research, and engages regulators. ChilePay already partners with ABECS on regional fraud and policy initiatives.
• Asociación Peruana de Empresas de Medios de Pago (Peru Payments Association): Peru's payments industry association, with whom ChilePay maintains a collaboration relationship on fraud prevention. Operates the same convening-and-research model across Peru's payments ecosystem.
• Cámara Argentina de Medios de Pago: Argentina's payment methods industry chamber, representing issuers, acquirers, networks, and processors. Closely comparable model: member-funded industry body producing research and acting as a regulatory interlocutor in a Latin American payments market.

Emerging players

• European Payments Initiative (EPI): European payments collaboration backed by major banks and acquirers to build a unified European payment solution. Compares to ChilePay as a cross-ecosystem collaboration vehicle, though EPI is more product-oriented and venture-backed.

Broad incumbents

• Payments Canada: Canadian payments industry association and operator of national payment systems. Comparable convening function for Canadian banks, networks, and fintechs, with a stronger infrastructure-operator role than ChilePay.
• UK Finance: UK trade association for the banking and payments industry. Mirrors ChilePay's convening-and-advocacy model across a larger, more mature market, with strong regulatory engagement (FCA, Bank of England, PSR).
• NACHA (The ACH Network): US-based governance body for the ACH payments network. Comparable in its role as a neutral rulemaker and industry convener for payments, though operating at significantly greater scale and with direct rule-setting authority over US payment rails.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/chile-pay

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ChilePay