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.avif)
Ecuador
.avif)
Top e-commerce industries
24.3%
Electronics
20.8%
Hobby & Leisure
21.3%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Quito
Capital
18.3M
Population
-5
Time Zone (GMT)
USD
Currency
American dollar
$24.1B
Transactions
value in 2028
21%
CAGR
of Digital Payments
during 2025-2028
during 2025-2028
Popularity of e-commerce payment methods
Extend your reach

Bank transfers are a fundamental component of Ecuador's financial system. Major financial institutions such as Banco Pichincha, Banco Guayaquil, and Banco del Pacífico offer these services through traditional branch banking, online platforms, and mobile applications, providing flexibility and convenience for users.
Method
Bank Transfer (EC)
Bank Transfer (EC)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
8M
Disbursements
Yes (all banks in Ecuador)
Yes (all banks in Ecuador)
Chargebacks
$25.00
Authorization currency
USD
Authorization
speed
speed
Instant
Recurring
No
No

Method
Red Activa
Red Activa
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
1.3M
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
USD
Authorization
speed
speed
Instant
Recurring
No
No

Method
Farmacias 911
Farmacias 911
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
n/a
Disbursements
Yes (all banks in Ecuador)
Yes (all banks in Ecuador)
Chargebacks
$25.00
Authorization currency
USD
Authorization
speed
speed
Instant
Recurring
No
No

Method
Tía
Tía
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
650K
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
USD
Authorization
speed
speed
Instant
Recurring
No
No