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Ecuador

Ecuador holds some unique advantages, with the US Dollar as its national currency, and minimal restrictions for overseas transactions. With 93% of the population having access to mobile devices and 71% using the internet, eCommerce sales are on the rise, with the majority of eCommerce consumers choosing to purchase from international businesses

Ecuador flag

Population

17,797,737

Banked Population:

64.18%

Group 427321246

Main industries

Oil, Processed Foods, Textiles, Automotive, Fast-Moving Consumer Goods, and Metallurgy

Group 427321247

Main imports

Refined Petroleum, Coal Tar Oil, Broadcasting Equipment, Packaged Medicaments, and Cars

Group 427321248

Main exports

Crude Petroleum, Bananas, Crustaceans, Processed Fish, and Cut Flowers

GDP stats

$5,965.1

Per capita (USD)

4.2%

Growth annually

62

World ranking

Internet usage

71%

Smartphone usage

93%

Credit/debit card usage

29%

Population transacting electronically

32%

Group 427321245 1

Total volume of digital payments projected to reach

$8.42B (USD)

Payment Methods in Ecuador

All
  • All Methods
  • Cash
  • ONLINE

Mi Comisariato

Cash

Pichincha Mi Vecino

Cash

Pichincha Cash

Cash

Red Activa

Cash

Almacenes Tia

Cash

Guayaquil

Online

Pichincha

Online

Farmacias 911

Cash

Guayaquil Cash

Cash

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