About
Khipu is a pay-by-bank-transfer service run by Khipu SpA of Santiago, Chile, which also launched in Argentina in February 2022. At checkout the shopper picks their bank, prepaid card or wallet and logs in inside Khipu's payment terminal, which automates the transfer without sending the shopper off to the bank's website. The money goes first to a Khipu collection account held for the merchant and is paid out to the merchant by the next business day, so Khipu acts as a transfer initiator and custodian rather than a card or wallet scheme. Khipu reports collecting more than USD 300 million a month for merchants (2026).
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