Digital Wallet Solutions
Digital wallets are transforming online commerce in emerging markets by providing a seamless and inclusive payment experience. EBANX enables businesses to harness this growth with a digital wallet solution that integrates multiple options under a single interface, enhancing the convenience and reach of online payments.
By offering streamlined, user-friendly payment options, digital wallets contribute to a broader addressable market and real-time payment confirmation.
Why Digital Wallets Matter
Digital wallets, or e-wallets, are among the most popular payment methods in emerging markets' digital commerce. In 2024, they accounted for USD 61 billion in online sales in LatAm and are expected to experience a remarkable 21% CAGR from 2023 to 2027.
Among EBANX merchants, digital wallet payment volume surged with a 10% LatAm sales share. These stats underscore the importance of including e-wallet payments in your business's digital wallet solutions.
Source: PCMI, 2024 and EBANX internal data
How Digital Wallets Work
Digital wallets streamline the payment process, providing a seamless check-in and confirmation experience. Here's how each transaction typically unfolds:
Industries Best Suited for Digital Wallets
Digital wallet features offered by EBANX
Note: Wallet integrations across these options share similarities, reducing development effort.
Digital Wallets Available Through EBANX
Mercado Pago is the most used digital wallet in LatAm's e-commerce
As the most popular digital wallet in Latin America, Mercado Pago covers major economies and supports payments via credit/debit cards and stored balances.
Confirmation:
Real-time
Recurrency:
Yes*
High-value order:
Yes*
Installments:
Yes, up to 12*
BNPL:
Yes – Via Mercado Pago Credit
Min Amount:
Depends on the country
Max Amount:
Depends on the country
Refunds:
Yes – Via wallet or card
Chargeback system:
Yes – For card payments
* Availability depends on the country
Mercado Pago Connect: Latin America’s choice for recurring payments
Mercado Pago's recurrence feature allows recurring payments with the account balance or a card without compromising the customer's limits, creating a seamless experience for the end user.
Confirmation:
Real-time
Recurrency:
Yes
High-value order:
No
Installments:
No
BNPL:
No
Min Amount:
Depends on the country
Max Amount:
Depends on the country
Refunds:
Yes – Via wallet or card
Chargeback system:
Yes – For card payments
Mercado Pago Credit: Flexible Credit Solutions for Online Shopping in LatAm
A Buy Now Pay Later solution within the Mercado Pago wallet. Mercado Pago Credit allows customers to buy what they want today and pay in up to 12 installments.
Confirmation:
Real-time
Recurrency:
No
High-value order:
No
Installments:
Yes
BNPL:
Yes, up to 12x
Min Amount:
Depends on the country
Max Amount:
Depends on the country
Refunds:
Yes – Via wallet or card
Chargeback system:
Yes – For card payments
PayPal: Brazil’s leading wallet for secure global payments
The leading wallet for digital commerce in Brazil, for both domestic and cross-border purchases, currently represents 42% of the total sales volume originating from e-wallets in the country. It enables payment via credit and debit cards, and thanks to its strong global brand name and reputation for security, it has established a large market footprint.
Confirmation:
Real-time
Recurrency:
No
High-value order:
No
Installments:
No
BNPL:
No
Min Amount:
BRL 0.50
Max Amount:
USD 10,000 per ID/month or per transaction
Refunds:
Yes
Chargeback system:
No
PagoEfectivo: Trusted digital cash solution for Peru
PagoEfectivo allows consumers to generate secure, unique codes, including QR codes, for seamless digital payments, all without needing a bank account.
Confirmation:
Real-time
Recurrency:
No
High-value order:
No
Installments:
No
BNPL:
No
Min Amount:
COP 0.50
Max Amount:
Up to 2.000 PEN
Refunds:
Yes
Chargeback system:
No
NuPay: Get ahead and reach up to 85 million users with Brazil’s Nubank Wallet
Brazil's latest digital wallet solution allows over 85 million Nubank customers to make online purchases with a few taps on the Nubank app for added convenience and security.
Confirmation:
Real-time
Recurrency:
Yes
High-value order:
No
Installments:
No
BNPL:
No
Min Amount:
BRL 0.50
Max Amount:
USD 10,000 per ID/month or per transaction
Refunds:
Yes
Chargeback system:
No
PicPay: Seamless transactions with Brazil’s popular payment spp
With a 55 million user base, PicPay is a popular wallet for P2P (Pay to Play) and QR code payments in physical stores, and it currently represents almost 10% of the total sales volume originated from digital wallets in the Brazilian digital commerce. This wallet enables payments via stored balance within it.
Confirmation:
Real-time
Recurrency:
No
High-value order:
No
Installments:
Yes
BNPL:
No
Min Amount:
BRL 0.50
Max Amount:
USD 10,000 per ID/month or per transaction
Refunds:
Yes
Chargeback system:
No
Nequi: Powering payments for 19M users across Colombia
Colombia's leading e-wallet, with over 19 million users. Integrating Nequi into your checkout boosts conversion rates by appealing to a tech-savvy audience, including business owners and digital entrepreneurs.
Confirmation:
Real-time
Recurrency:
Coming soon
High-value order:
No
Installments:
No
BNPL:
No
Min Amount:
COP 100.00
Max Amount:
USD 1,8000 per ID/month or per transaction
Refunds:
Yes
Chargeback system:
No
MACH Pay: Fast and simple payments with Chile’s MACH wallet
A popular stored-balance wallet offered by Banco BCI. Currently used by over 10% of Chile's population, it allows customers to scan a QR code on the screen and pay directly with funds in their MACH wallet.
Confirmation:
Real-time
Recurrency:
No
High-value order:
No
Installments:
No
BNPL:
No
Min Amount:
COP 50.00
Max Amount:
CLP 500.000
Refunds:
Yes
Chargeback system:
No
Leverage EBANX’s Digital Wallet Solutions
Tap into the expanding digital payment landscape with diverse, top digital wallets tailored to rising economies.
