Payments/BO
Bolivia, Plurinational State of
ISO BO · 3 schemes
Summary
- $imple first LatAm interbank QR (2019)
- 4,733% growth 6M to 290M (2021-2024)
- 11 banks participating
- Banco Unión state bank QR
- B$5,000 commission-free limit
Banking landscape
Central Bank
- Name: Banco Central de Bolivia (BCB)
- Website: https://www.bcb.gob.bo/
- Role: Monetary policy, payment oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Banco Unión | State | UNImóvil Plus |
| 2 | Banco Mercantil | Private | BMC App |
| 3 | BancoSol | Microfinance | BancoSol Móvil |
| 4 | Banco Nacional | Private | BNB App |
| 5 | Banco FIE | Microfinance | FIE Mobile |
Market Structure
- ASOBAN: Private banks association
- $imple: Interbank platform
- State banks: Large presence
- Microfinance: Strong sector
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| $imple | ASOBAN | Interbank QR | Active |
| LIP | BCB | Large value | Active |
| ACH | Banks | Clearing | Active |
| VPay | Private | Real-time QR | Active |
$imple Platform
- First Latin American interbank QR
- Launched 2019 by ASOBAN
- 11 banks participating
- QR code encrypted security
- No bank info sharing needed
Growth Statistics
- 6M transactions (2021)
- 290M transactions (Oct 2024)
- 4,733% growth in 3 years
- Rapid adoption curve
QR code standards
$imple QR
| Attribute | Value |
|---|---|
| Operator | ASOBAN |
| Launch | 2019 |
| Banks | 11 participating |
| Limit | B$5,000 per txn |
$imple Features
- Encrypted QR codes
- Fraud prevention
- No bank account exposure
- Commission-free under B$5,000
- Mobile app based
Banco Unión QR
| Attribute | Value |
|---|---|
| App | UNImóvil Plus |
| Feature | SEGIP payments |
| Pioneer | First debit online (2016) |
| Integration | $imple compatible |
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| $imple | ASOBAN | Yes | Interbank |
| UNImóvil Plus | Banco Unión | Yes | Full banking |
| VPay | Private | Yes | Real-time |
| Soli | Fintech | Yes | Wallet |
Mobile Wallet Options
- WalletOn Bolivia
- Viva App
- Soli
- Growing sector
Identity Payment
- SEGIP document renewal
- QR code immediate payment
- Queue avoidance
- Government integration
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| $imple | Interbank QR | ASOBAN | 290M txns | imple |
| VPay | Real-time QR | Private | Growing | — |
| Bank QR | Individual | Banks | Active | — |
Sources
- Bolivia Emprende - Banco Unión QR
- Contxto - Interoperable QR
- Transfi - Bolivia Payments
- LocalPayment - QR Bolivia
Full country report
Schemes
Standards
Primary · 1
Mentioned · 1