The union argued that “although the security of online transactions is intractable, it cannot be a pretext to stop the development of an entrepreneurial ecosystem in the financial sector”.
The Santiago Chamber of Commerce (CCS) entered the conflict that arose after BancoEstado blocked the operations of some FinTechs. The union indicated in a public statement that it “regretted the conflict that has occurred in recent weeks between a banking institution and some FinTech companies”.