Khipu is a bank transfer payment method available in Bolivia and Chile.

It allows customers to pay and be paid using a simplified bank transfer. During checkout, customers select the Khipu logo, log into their online banking, enter a two-factor authentication code and their PIN to complete a payment.

Individuals and businesses can also download the Khipu mobile app to turn their mobile phone into a terminal to make and receive payments via e-mail link or in person.

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Type Bank transfer
Company behind LPM Khipu
Market share details 3.5 m Khipu payments made in partner stores in 2018; More than 10,000 merchants accept Khipu.
Market relevance Medium

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