Banco Itaú Chile acquires Klap, a leading payment acquisition platform, from SONDA to enhance its service offerings and strengthen its position in the digital payment ecosystem.

Target Information

Klap, a leading electronic payment acquisition platform in Chile, has been acquired by Banco Itaú Chile. The firm processes over 80 million transactions monthly and operates more than 30,000 points of sale across the country. As the largest non-bank payment acquirer in Chile, Klap delivers comprehensive payment processing services and a diverse range of digital transaction infrastructure solutions to businesses.

This acquisition enables Banco Itaú Chile to enhance its strategic position within the payment ecosystem while enriching its value proposition for merchants, small and medium enterprises (SMEs), and corporate clients. By integrating issuance and acquisition capabilities, Banco Itaú Chile aims to develop a holistic payment ecosystem offering transaction services and financing solutions.

Industry Overview

The financial services industry in Chile has experienced significant growth, primarily driven by technological advancements and the evolution of consumer preferences towards digital transacti