There are 12 countries in South America, and all of them are developing countries. Chile, Argentina, and Uruguay have a better standard of living than the others. Chile is expected to become the best-developed country in South America by the end of the century. At present, the local legal currency in Chile is the Chilean peso (CLP). In 2022, the Chilean peso will inevitably suffer a severe depreciation due to the Federal Reserve's interest rate hikes. In contrast, the exchange rate of RMB to the US dollar is relatively strong.
If your current business in South America is going well, then how to continue to receive money safely, and then convert it to US dollars in time may be the most important to-do event you should pay attention to at the moment.
There are not many financial institutions in China that can collect payments in Chile. Currently, Epay is the only one.
There are around 25 commercial banks in Chile, mainly Banco de Chile, including but not limited to Banco Santander, National Bank, Credit Investment Bank of Chile, etc. Foreign banks mainly include Banco Santander, BBVA, ITAU, Deutsche Bank, and BNP Paribas Wait. Epay’s service has covered almost all kinds of payment methods in 10 South American countries (including Chile) supporting all payment methods, except credit card receipts, including but not limited to local bank payment, payment gateways, cash payment, and electronic wallet QR code payment.
Epay supports a very wide range of businesses compared to the competitors, including e-commerce platforms, such as Meikeduo, Amazon in Latin America, Shopee in Latin America, etc.; virtual products, such as game merchants, Apple APP collection, Livestream APP gateway collection, etc.; and manufacturing industries Merchants.
Now we even hold a very big event for our customers. From October 17th to December 31st, you can collect Chilean pesos through Epay, which can be converted into USD 200,000. You can contact the account manager to get brand-new Airpods as a cooperation gift from Epay. Enter Epay's official website to learn more details.