# MACH (MACHBANK)

> Source: https://docs.barcoder.ai/docs/wallets/mach
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [MACH — official](https://www.mach.cl/)

## Overview

**MACH** (MACHBANK) is **Banco de Crédito e Inversiones (Bci)'s Chilean digital bank + wallet**, launched **2017** <sup>[1][1], [2][2], [Chile report](https://docs.barcoder.ai/docs/payments/CL)</sup>. By **2025**, MACH had grown to **4.2+ million users (locals + foreigners)** — up from 2.8M (2021) + 3M (Paysafe baseline). MACH is **a prepaid free digital account functioning as digital wallet** enabling smartphone-based physical + digital payments. **2025 EBANX integration**: MACH's digital wallet now available for **international online purchases via EBANX** — major cross-border-payment expansion.

## History

**2017 — MACHBANK launches by Bci** <sup>[2][2]</sup>: Chilean bank-driven digital wallet.

**2021 — 2.8 million users** <sup>[1][1]</sup>.

**2024-2025 — Growth to 4.2+ million users** <sup>[1][1]</sup>.

**2025 — EBANX partnership for international online purchases** <sup>[3][3]</sup>: Cross-border-payment expansion.

## Ownership & operator

**Operating entity**: **MACHBANK** — subsidiary of **Banco de Crédito e Inversiones (Bci)** (BCS: BCI).

**Parent**: **Bci** — Chilean major bank; Yarur family-controlled.

**Regulator**: **Comisión para el Mercado Financiero (CMF)** — Chilean financial-markets regulator.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | MACH mobile app (iOS + Android) + MACH card |
| **Identifiers** | Phone + RUT (Chilean national ID) + card number |
| **Chilean rail** | **[TEF](https://docs.barcoder.ai/docs/standards/tef)** (Chilean interbank instant transfer since 2008) |
| **Account type** | Prepaid free digital account functioning as digital wallet |
| **Cross-border (2025+)** | EBANX integration for international online purchases |
| **Technology platform** | **Mambu** (Chilean financial-inclusion case study) |

## Users & growth

**2025** <sup>[1][1]</sup>:
- **Users**: 4.2+ million (locals + foreigners)
- **2021 baseline**: 2.8 million
- **3 million Chilean users (Paysafe baseline)**

## Use cases

P2P transfers via TEF; merchant card payments; international online purchases via EBANX (2025+); bill payment; mobile credit top-ups; foreigner-targeted digital account (distinctive Chilean foreigner-inclusion).

## Implementations & partners

**Operator**: **MACHBANK** (Bci subsidiary).

**Parent**: **Bci** (Chilean major bank).

**Technology platform**: **Mambu** (Chilean financial-inclusion case study).

**Cross-border partner**: **EBANX** (international online purchases).

**Major Chilean competitors**: **Khipu** (Chilean bank-to-bank fintech), **Tenpo** (Chilean digital wallet), **Klap** (Chilean POS/payment processor), traditional Chilean banks (Banco de Chile, Santander Chile, BancoEstado).

**Regulator**: **CMF**.

## Fun facts

- **2017 launched by Bci** as Chilean bank-driven digital wallet.
- **4.2M+ users (2025)** — up from 2.8M (2021) — 50%+ growth in 4 years.
- **Free prepaid digital account** — no maintenance fees.
- **Foreigner-targeted inclusion**: MACH targets both locals + foreigners — distinctive Chilean foreigner-financial-inclusion.
- **2025 EBANX integration**: international online purchases — major cross-border expansion.
- **Mambu technology platform**: Chilean financial-inclusion case study.
- **Bci parent (Yarur family-controlled)** — substantial Chilean banking heritage.

## Comparison

| Feature | MACH | Khipu (CL) | Tenpo (CL) | Klap (CL POS) | [Nequi](https://docs.barcoder.ai/docs/standards/nequi) (CO analogous bank-spinoff) |
|---|---|---|---|---|---|
| Operator | **MACHBANK (Bci subsidiary)** | Khipu (independent CL fintech) | Tenpo | Klap | Nequi (Bancolombia business line) |
| Type | **Bank-spinoff digital wallet** | Bank-to-bank fintech | Digital wallet | POS/payment processor | Bank-spinoff digital wallet |
| Country | Chile | Chile | Chile | Chile | Colombia |
| Users | **4.2M+** | Major | Major | Major | 23.5M |
| Foreigner inclusion | **Yes (distinctive)** | n/a | n/a | n/a | n/a |
| Cross-border | **EBANX 2025+** | n/a | n/a | n/a | n/a |

## Status

**Active, Chilean Bci digital bank + wallet** <sup>[1][1]</sup>:
- **MACHBANK** (Bci subsidiary) since 2017.
- **4.2+ million users (locals + foreigners)**.
- **Mambu technology platform**.
- **2025 EBANX international-online-purchases integration**.

## Sources

[1]: https://mambu.com/en/customer/mach "MACHBANK — Mambu customer story"
[2]: https://www.mach.cl/ "MACH — official"
[3]: https://www.paymentsjournal.com/ebanx-starts-offering-machs-digital-wallet-for-international-online-purchases-in-chile/ "EBANX × MACH international — PaymentsJournal"
[4]: https://www.8b.world/payment-methods/mach "MACH — 8b"
[cl-cro]: https://docs.barcoder.ai/docs/payments/CL

- [1] [MACHBANK — Mambu customer story][1]
- [2] [MACH — official][2]
- [3] [EBANX × MACH — PaymentsJournal][3]
- [4] [MACH — 8b][4]
- <sup>[Chile report](https://docs.barcoder.ai/docs/payments/CL)</sup> In-corpus: `reports/countries/CL-chile.md`

## Source

Biography extracted from [mach.md](https://docs.barcoder.ai/source/wallets/mach). See `matrix.md` for standards-support matrix if present.