There has been increasing demand for seamless, secure and compliant financial solutions in Chile that connect local businesses to global markets. Ensuring that it can continue offering its services in Chile, PayRetailers, the payment service provider in LatAm, has secured official authorisation from the Comisión para el Mercado Financiero (CMF) to continue conducting cross-border acquiring activities in Chile.
The CMF, the Chilean financial regulator, has published a list of payment service providers (PSPs) authorised to perform cross-border acquiring activities under the transitional provisions of Chapter III.J.2 of the Compendium of Financial Regulations. Joining this list, PayRetailers Chile SpA will operate in full compliance with the latest regulatory framework established by the Central Bank of Chile.
César Rodríguez, VP of banking LatAm at PayRetailers said: “Receiving this authorisation from the CMF is a significant milestone that reaffirms our commitment to delivering compliant and scalable payment solutions for businesses in Chile. As cross-border commerce grows, businesses need a trusted partner that not only ensures seamless payment processing but also stays ahead of regulatory changes.
Strengthening its LatAm presence
PayRetailers’ regulatory approval ensures that merchants in Chile can continue to process international transactions efficiently while adhering to local compliance requirements. Furthermore, with a strong track record of enabling businesses across Latin America to scale internationally, PayRetailers provides a robust infrastructure for payment processing that prioritises security, reliability, and innovation.
With this authorisation, PayRetailers continues to strengthen its presence in Latin America, empowering businesses to navigate the region’s complex payment landscapes. The company’s localised, technology-driven approach ensures that merchants can offer customers a wide array of payment options, while remaining compliant with the evolving regulatory environments across multiple jurisdictions.
Rodríguez concluded: “At PayRetailers, we combine deep local expertise with cutting-edge technology to empower merchants, enabling them to expand globally with confidence. This approval further solidifies our role in shaping the future of digital payments in Latin America, ensuring that businesses can operate efficiently while meeting evolving regulatory requirements.”
