Paytech allpago takes over Chile

Friday 18 January 2019 10:34 CET | News

allpago has expanded its coverage to Chile, enabling international merchants and payment providers to accept Chilean local cards and alternative payment methods.

Payment service provider allpago affirms that it can provide up to a 53% increase in authorisation rates and revenues from initial payments made by people in the country. Also, it can provide up to a 23% boost in revenue from recurring transactions. The company offers two-factor payment authentication and a dynamic descriptor in order to reduce chargebacks. Thus merchants are enabled to provide ‘precise’ payment details on credit card and bank statements.

Moreover, allpago users have access to 90% of Latin America’s 150 million online shoppers through a single platform and API. As Chile’s central bank introduced regulation for alternative payment facilitators in 2017, this kickstarted the implementation of allpago’s tech in the country.

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Keywords: allpago, Chile, PSP, payments , merchants, alternative payments, transactions , authentication, chargebacks, online payments, regulations
Countries: World