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
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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.
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:
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
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
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
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
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