FinteChile warned that Mastercard plans to impose new international fees on certain foreign platform payments made with Chilean cards starting late November 2026. The fintech association said the changes could raise costs and limit payment options for Chilean consumers. Mastercard said it does not apply fees to international merchants or platforms.
What the new rules do
Mastercard will require these purchases to run through two programs called PIFO and Global Reach. FinteChile said both add brand charges and interchange rates above national limits. The association estimated local processing costs would rise between four and eight times per transaction.
Who is affected
Consumers currently pay in pesos and installments for foreign services such as Netflix, Spotify, and Claude. They can also use debit or prepaid cards without international capacity. FinteChile warned that merchants may pass on the costs or stop offering local payment.
Regulatory concerns
Chile's central bank regulated this payment model in 2024, and providers operate under CMF supervision. FinteChile said the model could migrate abroad if it becomes unviable. It also noted that Mastercard exempts some activities such as transport apps and lodging.
Acquirers and payment service providers expect the matter could end up in court. FinteChile called for charges based on clear, known rules that align with regulation. The association said consumers could face higher prices and fewer payment methods if the changes persist.
Read more: fintechile.org