PayRetailers, a leading payment service provider in Latin America, has secured official authorization from the Comisión para el Mercado Financiero (CMF) to continue conducting cross-border acquiring activities in Chile.
This approval allows PayRetailers Chile SpA to operate in full compliance with the latest regulatory framework established by the Central Bank of Chile.
The CMF recently published a list of Payment Service Providers (PSPs) authorized to perform cross-border acquiring activities under the transitional provisions of Chapter III.J.2 of the Compendium of Financial Regulations. These updates introduce new business models for digital payments, reflecting the increasing demand for seamless, secure, and compliant financial solutions that connect local businesses to global markets.
PayRetailers’ regulatory approval ensures that merchants in Chile can continue to process international transactions efficiently while adhering to local compliance requirements. With a strong track record of enabling businesses across Latin America to scale internationally, PayRetailers provides a robust infrastructure for payment processing that prioritizes security, reliability, and innovation.
With this authorization, PayRetailers continues to strengthen its presence in Latin America, empowering businesses to seamlessly navigate the region’s complex payment landscapes. The company’s localized, 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.
César Rodríguez, VP of Banking Latam at PayRetailers, said: “Receiving this authorization 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.
“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.”