Chilean Minister of Economy, Latin America PayPal to bring major e-commerce news to Chile

Update 9 April 2013: PayPal Latin America and Multicaja, Chile will allow 50,000+ merchants in Chile, especially SMBs – that accept international payments via PayPal to withdraw their funds directly into their local bank accounts. The program called ‘Retiros Multicaja’, opens up PayPal international marketplace to Chilean e-tailers and e-commerce centric SMB’s, accessibility to 123 million potential consumers in 190 countries.

4 April 2013: Any foreign company or startup that has been trying do business in Chile would probably agree that one of the major headaches is figuring out how you are going to be able to receive payments (especially online).

While the news has not been officially announced, here’s hoping that Friday’s major announcement (here in Santiago, Chile) featuring Latin America PayPal, will set up the framework regarding simplifying online payments in Chile (and then some)!

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