The alliance strengthens Evertec’s position in Chile and reinforces its role as a technology leader in Latin America
Evertec (NYSE: EVTC), a leader in payment processing and financial technology in Latin America and the Caribbean, announced the signing of an agreement with Transbank, Chile’s leading payment processing company and one of the leading acquirers in Latin America.
As part of this partnership, Evertec will operate Transbank’s transactional scope, along with selected platforms and services, providing state-of-the-art technology to the company.
“This collaboration with Transbank represents an opportunity to continue advancing the evolution of the payments ecosystem in Chile and across the region,” said Mac Schuessler, President & CEO of Evertec. “Evertec’s experience, scale, and innovation enable us to support Transbank in this new phase, while reaffirming our long-term commitment to Chile as a key market within our growth strategy for Latin America.”
Sergio Ávila, CEO of Transbank, stated that “In an increasingly competitive environment, as a company, we continuously evaluate alternatives that allow us to anticipate the current and future challenges of the business successfully. This agreement with Evertec represents a key milestone in our digital transformation roadmap. As a company, we have a responsibility to drive new levels of service and move with greater agility to respond to our customers’ needs.”
Founded in 1989 and headquartered in Santiago, Transbank has played a key role in the evolution of electronic payments in Chile for more than three decades. The company provides payment solutions for merchants of all sizes and processes millions of transactions daily, supporting the modernization of commerce, the adoption of digital payment methods across the country, and the integration of Chile’s financial system with banks and international financial institutions.
This partnership underscores Evertec’s experience supporting financial institutions in demanding regulatory and operating environments and reinforces its role as a trusted technology provider with both local and regional presence. It also advances Evertec’s strategy to expand its presence in high-value markets, increase long-term recurring revenue, and deepen relationships with leading institutions across Latin America.