Chileans’ use of electronic payments is on the rise

The Central Bank of Chile

Photo: Central Bank of Chile/Wikimedia Commons

- Central Banking Newsdesk
- 29 Jul 2022

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Chilean consumers are increasingly using non-cash payment methods, the country’s central bank reveals in its July payments report.

Cash was not used as the main payment instrument for the first time in 2020, and that trend continued in 2021. More than 80% of respondents to the Central bank of Chile survey said they use debit cards either everyday or between one and five times per week.

Cash was the second method used though, with around 60% of respondents reporting a daily use of this means of

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