Is Transbank still the only card acquirer in Chile?
No. Since the move to a four-party model in 2020, the CMF counts nine acquiring operators. Transbank's share of in-person acquiring fell to 40% to 50% in 2025, according to FNE data, with Getnet, Mercado Pago, Klap and Kushki gaining ground.
In detail
No. Since the move to a four-party model in 2020, the CMF counts nine acquiring operators. Transbank's share of in-person acquiring fell to 40% to 50% in 2025, according to FNE data, with Getnet, Mercado Pago, Klap and Kushki gaining ground.
How the market changed
For years, Transbank, owned by banks, acted as the main acquirer under a three-party model. Regulators pushed for a four-party model, in which acquirers contract directly with card schemes and issuers. This opened the market to new competitors.
What merchants gained
- More choice of acquirers.
- Competitive pricing.
- New acceptance options, such as mobile POS and QR payments.
Interchange regulation
Chile also introduced interchange caps, set by a dedicated committee, which shape acquirer pricing.
What it means for foreign platforms
Several acquirers can now serve merchants in Chile, including international players, making local acquiring more accessible.
What it means for payment operators
For your merchants in Chile, more acquirers mean options for routing and pricing. Connections to several local acquirers through one platform let you choose the best one for each merchant.