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Ecuadorian Local Payment Methods

Reach new consumers

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.

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