Debit Cards - Transactions value CH$ - Top10 Issuers performance overview
The debit card market in Chile currently has a total of 24.7 million cards at the end of the third quarter of 2022. This figure implies a year-on-year growth of 3.7% in the number of cards, but in the number of transactions the performance has been better with an increase of 11% compared to the third quarter of 2021. The level of concentration remains high. The first 5 issuers together processed more than 90% of the transactions volume.
On the other hand, the total number of credit cards (considering both bank cards and those issued by non-bank issuers) reached 17.1 million as of September 2022 (lower than the 17.3 million that the market had 12 months ago). Of this total number of cards, 8.4 million are the active customers who carry out most of the transactions, a figure that has remained relatively stable for several quarters after a significant portfolio depuration that occurred during 2018 and 2019.
Credit Cards - Transactions value CH$ - Top10 Issuers performance overview
Regarding the level of use of credit cards, Credit and Debit Card Market research report figures shows at the end of the third quarter a growth of 13% Y-o-Y in transactions number, while the amount of operations shows +11% Y-o-Y.
The level of non-performing loans (%) in the portfolio has decreased slightly, maintaining the important disparity between the ratios of bank issuers (range of 1% to 3% in leading entities) and those of non-bank issuers (which exceed in many cases 10%).
The level of non-performing loans (%) in the portfolio has decreased slightly, maintaining the important disparity between the ratios of bank issuers (range of 1% to 3% in leading entities) and those of non-bank issuers (which exceed in many cases 10%).