We Brought Subscriptions Payment by Debit Card to Chile
September 10, 2020
1 min read
We have good news!
According to the latest Central Bank Household Financial Survey, 73% of the Chilean population owns debit cards; and thanks to our tokenization system for these cards, users will have access to digital services for streaming, transport, delivery, etc. that are paid through recurring payments or subscriptions.
This means, that most of the population will enjoy services such as Rappi, Netflix, Didi, Amazon, among others, which previously were not accessible because they were not part of the 43% that owns a credit card.
It is important to note that Chile was the only country in the region where debit cards could not be tokenized yet, but thanks to an alliance with Übank, we integrated a system for users to use their cards and transfer savings from checking accounts. This makes available a technology hitherto unknown to the Chilean market, that will promote an important change in the country’s economy and in the services for customers.
We hope that this is only the beginning of a substantial advance in the inclusion of the population in online services. And soon, we expect that the use of this system would become a standard in payment methods for apps and digital service platforms.
You can read the original news in the 24 Horas journal here.