The coronavirus pandemic led to a rapid decline of in-store cash use in Chile, as the share of cash dropped by nearly half in about two years. Even though the use of debit cards increased during this time, the source expects that retailer financing, BNPL, and mobile wallets are the main payment methods to gain from cash' drop in the Latin American country. The source does not mention contactless payments for Chile, although they made up half of the P2P payments in the country in 2020.
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Chile from 2017 to 2023, with a forecast for 2027
* The source changed its categories in 2021, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted for "POS financing" in the 2023 report - which covered the figures for 2022.
The figures have been taken from several publications. No figures were available for 2018 or earlier as the source did not research Chile back then.
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Worldpay. (March 21, 2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Chile from 2017 to 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1296670/preferred-payment-methods-chile/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Chile from 2017 to 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1296670/preferred-payment-methods-chile/
Worldpay. (2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Chile from 2017 to 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1296670/preferred-payment-methods-chile/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Chile from 2017 to 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1296670/preferred-payment-methods-chile/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Chile from 2017 to 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/1296670/preferred-payment-methods-chile/ (last visited November 05, 2024)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Chile from 2017 to 2023, with a forecast for 2027 [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1296670/preferred-payment-methods-chile/
