About
Redcompra is the consumer brand for debit card payments in Chile, a sub-brand of Transbank, the card-payments company created in 1989 by a group of Chilean banks. Cardholders pay with a bank debit card at a Transbank terminal or online through Transbank's Webpay checkout, and the amount comes straight out of their bank account. Redcompra launched in 2000, the same year as Webpay, and a prepaid version, Redcompra Prepago, lets people load and reload a card without a bank account. Chile began moving to a four-party card model in 2019; Transbank obtained its own Visa, Mastercard and American Express acquiring licences in 2020, and the competition tribunal ratified the model in 2021.
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