Itaú Chile has acquired Klap for CLP 40 billion, aiming to enhance its digital payment services and expand its market presence.

Target Information

Itaú Chile has announced its acquisition of Klap for a total of CLP 40 billion, a transaction subject to regulatory approvals in the Chilean financial market. The operation entails the direct and indirect purchase of 100% of the shares of Multicaja S.A. and I Switch S.A., the operators of the Klap system. This move positions Itaú Chile strategically within the digital payments segment, enhancing its offerings for businesses and transactional solutions both online and in-person.

Klap, a company founded in Chile, operates as a regulated card payment provider, serving both physical merchants and e-commerce platforms. This acquisition represents a significant step forward in expanding financial services targeted at small and medium-sized enterprises (SMEs) while contributing to the growth of the digital payments ecosystem in the country.

Industry Overview in Chile

The digital payments industry in Chile has been experiencing rapid growth, fueled by an increasing adoption of e-commerce and technological advancements in payment processing. The market is characterized by high transa