Ecuador · Regulatory presence
Localpayment in Ecuador
Localpayment operates a locally registered entity in Ecuador. Talk to us about collection and payout options for your flow.
- Licensed
- Currency: USD
- Part of our 18-country network
LicensedLicensed in a dollarized market. Coverage for this market is not yet listed in our public documentation. See the coverage overview
Market snapshot
Ecuador in figures
Public, dated figures from official sources. Every number links to its source.
Individuals using the Internet (% of population, 2024)
Adults with an account, financial institution or mobile money (% of adults 15+, 2024)
Source: World Bank, Global Findex Database 2025 (FX.OWN.TOTL.ZS), 2024
Adults owning a debit card (% of adults 15+, 2024)
Source: World Bank, Global Findex Database 2025 (fin2.t.d), 2024
Adults owning a credit card (% of adults 15+, 2024)
Source: World Bank, Global Findex Database 2025 (fin10), 2024
USD 50
WIP transfer limit, free of charge (per transfer, 2025)
USD 0.01–500
DeUna per-transaction range (2025)
10
Cooperatives connected to CHAS QR network (2025)
800,000
Peigo clients (approx., 2025)
18,289,896
Population (2025)
Source: World Bank, World Development Indicators (SP.POP.TOTL), 2025
38.4%
Adults with a digitally enabled account (% of adults 15+, 2024)
Source: World Bank, Global Findex Database 2025 (dig.acc), 2024
5.9%
Personal remittances received (% of GDP, 2025)
US$ 7,125
GDP per capita (current US$, 2025)
License & regulation
Ecuador: licensed presence
Auxiliary Services Company for Public and Private Financial Sectors — Bank Superintendency. Before go-live, every merchant completes a compliance review (due diligence or enhanced due diligence) and business verification (KYB).
- Status: Licensed
- Production credentials after Stage testing, a security review and KYB
- TLS 1.2+, AES-256 encryption at rest, MFA and HMAC-signed webhooks
- PCI DSS v4.0.1
- SOC 2 Type II
- ISO 27001
- AML/KYC
- TLS 1.2+ · AES-256
Frequently asked questions
Can I collect or pay out in Ecuador?
Talk to our team about your flow.
What license does Localpayment hold in Ecuador?
A license as an Auxiliary Services Company for the Public and Private Financial Sectors, supervised by the Superintendency of Banks.
Which currency is used in Ecuador?
The US dollar (USD).
Planning operations in Ecuador?
Tell us about your use case. We will confirm what we can support and how it connects to our 14 countries with local rails.