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Ecuadorian Local Payment Methods

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Ecuador

Why enter Ecuador?

12M internet users made online purchases in 2019

The only country in Latin America that uses american dollars.

Sales by eCommerce in 2018 contributed 23% more to GDP than in 2017 (accounting for almost 1.3 billion US dollars).

Source: Statista and JPMorgan

1Bn e-commerce market value

80% of the population uses the internet

7.9% growth in ecommerce

Pagsmile payment solutions in Ecuador

Cash

Cash is the an alternative online payment method in Ecuador which enables an array of expenses such as utility bills, in-store products, and online purchases at convenience store locations.

Bank Transfer

Through a voucher, customers can transfer from any bank in ATMs, bank apps, internet banking or bank branches.