EBANX integrates MACH’s digital wallet for international online purchases in Chile

By Pavithra R

EBANX, a technological payment solution provider connecting Latin American consumers to global companies, has announced partnering with MACH, the largest digital bank in Chile,

Under the collaboration, global companies and international websites can now offer MACH’s digital wallet as an additional payment option to customers in the country. This alliance will expand their total addressable market with one single integration. The announcement marks Ebanx’s sixth digital wallets integration as a payment method in Latin America.

“We are very happy to offer MACH Pay as one more important payment option in Chile, the most digitized market in Latin America and where e-commerce is expected to grow by 23% in 2021. Digital payment methods are booming throughout the region, and this partnership between MACH and EBANX will surely expand access to global products and services and allow global companies to reach new customers in Chile,” said Juliana Etcheverry, director of Expansion LatAm and Strategic Partnerships at EBANX.

Created in 2017 as a spinoff of Banco Bci, MACH is a digital bank that offers a prepaid, free digital account. The main motivation behind its creation was to create a digital product for all residents in Chile who, being unbanked, could not access to pay for international services or buy online abroad. It allows customers to pay for physical or digital purchases through their smartphones, working as a digital wallet. Its payment solution MACH Pay allows customers to pay in physical and digital stores using their MACH accounts.

“This partnership with EBANX will help us move forward in our path to improve our customers financial life, giving them, among others, safe, fast and simple payment methods to ease their daily needs. MACH Pay is a clear example of it, and our customers will now have the chance to experience this solution in many international merchants through EBANX,” said Ignacio Larrain, CEO at MACH.

Founded in 2012, EBANX is a global unicorn FinTech company with Latin American DNA opening up LATAM for global companies. It has operations in Brazil, Mexico, Argentina, Colombia, Chile, Peru, Ecuador, Bolivia, and Uruguay.