Payment methods in Ecuador

Payphone is one of Ecuador's leading independent fintech companies and one of the three most important fintechs in the country according to América Economía. It has 645,000 users and facilitates over 740,000 transactions monthly, primarily through its mobile payment app and merchant gateway. Payphone is also available as an international payment processing option via Nuvei.

Mastercard is a leading global card network supporting credit, debit and prepaid card payments online, in-store and at ATMs worldwide. In the listed countries it is a core internationally accepted scheme.

Visa is the world's largest card network, enabling credit, debit and prepaid card payments online, in-store and at ATMs across virtually every market. In the listed countries Visa is a core internationally accepted scheme alongside local methods.

DeUna is an e-wallet developed by Banco Pichincha, Ecuador's largest private bank, and has emerged as the most widely used digital wallet for online shopping in Ecuador. It surpassed 1 million registered users by 2023 and allows consumers to pay online merchants without entering card details directly, linking to their bank account. DeUna integrates with major Ecuadorian e-commerce platforms.

Place to Pay and Kushki are payment gateway providers widely used by Ecuadorian e-commerce merchants to process card transactions and other payment methods. They aggregate multiple payment options — cards, PSE-style transfers, and wallets — into a single checkout experience for merchants.

The single most-used payment method, with approximately 45-47% of e-commerce orders still settling in cash at delivery. Consumer distrust of online payments remains the primary driver. Most major Serbian logistics providers (Post of Serbia, DExpress, etc.) offer COD collection.