Wallets/mach
MACH (MACHBANK)
0 standards supported
Overview
MACH (MACHBANK) is Banco de Crédito e Inversiones (Bci)'s Chilean digital bank + wallet, launched 2017 [1, 2, cl-cro]. By 2025, MACH had grown to 4.2+ million users (locals + foreigners) — up from 2.8M (2021) + 3M (Paysafe baseline). MACH is a prepaid free digital account functioning as digital wallet enabling smartphone-based physical + digital payments. 2025 EBANX integration: MACH's digital wallet now available for international online purchases via EBANX — major cross-border-payment expansion.
History
2017 — MACHBANK launches by Bci [2]: Chilean bank-driven digital wallet.
2021 — 2.8 million users [1].
2024-2025 — Growth to 4.2+ million users [1].
2025 — EBANX partnership for international online purchases [3]: Cross-border-payment expansion.
Ownership & operator
Operating entity: MACHBANK — subsidiary of Banco de Crédito e Inversiones (Bci) (BCS: BCI).
Parent: Bci — Chilean major bank; Yarur family-controlled.
Regulator: Comisión para el Mercado Financiero (CMF) — Chilean financial-markets regulator.
Technical integration
| Layer | Description |
|---|---|
| Channels | MACH mobile app (iOS + Android) + MACH card |
| Identifiers | Phone + RUT (Chilean national ID) + card number |
| Chilean rail | tef (Chilean interbank instant transfer since 2008) |
| Account type | Prepaid free digital account functioning as digital wallet |
| Cross-border (2025+) | EBANX integration for international online purchases |
| Technology platform | Mambu (Chilean financial-inclusion case study) |
Users & growth
2025 [1]:
- Users: 4.2+ million (locals + foreigners)
- 2021 baseline: 2.8 million
- 3 million Chilean users (Paysafe baseline)
Use cases
P2P transfers via TEF; merchant card payments; international online purchases via EBANX (2025+); bill payment; mobile credit top-ups; foreigner-targeted digital account (distinctive Chilean foreigner-inclusion).
Implementations & partners
Operator: MACHBANK (Bci subsidiary).
Parent: Bci (Chilean major bank).
Technology platform: Mambu (Chilean financial-inclusion case study).
Cross-border partner: EBANX (international online purchases).
Major Chilean competitors: Khipu (Chilean bank-to-bank fintech), Tenpo (Chilean digital wallet), Klap (Chilean POS/payment processor), traditional Chilean banks (Banco de Chile, Santander Chile, BancoEstado).
Regulator: CMF.
Fun facts
- 2017 launched by Bci as Chilean bank-driven digital wallet.
- 4.2M+ users (2025) — up from 2.8M (2021) — 50%+ growth in 4 years.
- Free prepaid digital account — no maintenance fees.
- Foreigner-targeted inclusion: MACH targets both locals + foreigners — distinctive Chilean foreigner-financial-inclusion.
- 2025 EBANX integration: international online purchases — major cross-border expansion.
- Mambu technology platform: Chilean financial-inclusion case study.
- Bci parent (Yarur family-controlled) — substantial Chilean banking heritage.
Comparison
| Feature | MACH | Khipu (CL) | Tenpo (CL) | Klap (CL POS) | nequi (CO analogous bank-spinoff) |
|---|---|---|---|---|---|
| Operator | MACHBANK (Bci subsidiary) | Khipu (independent CL fintech) | Tenpo | Klap | Nequi (Bancolombia business line) |
| Type | Bank-spinoff digital wallet | Bank-to-bank fintech | Digital wallet | POS/payment processor | Bank-spinoff digital wallet |
| Country | Chile | Chile | Chile | Chile | Colombia |
| Users | 4.2M+ | Major | Major | Major | 23.5M |
| Foreigner inclusion | Yes (distinctive) | n/a | n/a | n/a | n/a |
| Cross-border | EBANX 2025+ | n/a | n/a | n/a | n/a |
Status
Active, Chilean Bci digital bank + wallet [1]:
- MACHBANK (Bci subsidiary) since 2017.
- 4.2+ million users (locals + foreigners).
- Mambu technology platform.
- 2025 EBANX international-online-purchases integration.
Sources
- 1 MACHBANK — Mambu customer story
- 2 MACH — official
- 3 EBANX × MACH — PaymentsJournal
- 4 MACH — 8b
- cl-cro In-corpus:
reports/countries/CL-chile.md
Source
Biography extracted from mach.md. See matrix.md for standards-support matrix if present.