Payments/UY
Uruguay
ISO UY · 3 schemes
Summary
- Toke interoperable QR (6+ banks)
- BCU authorized payment issuers
- Prex cross-border regional
- Instant settlement free transfers
- Pix/Modo interop planned
Banking landscape
Central Bank
- Name: Banco Central del Uruguay (BCU)
- Website: https://www.bcu.gub.uy/
- Role: Monetary policy, payment authorization
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | BROU | State | BROU App |
| 2 | Santander Uruguay | International | Santander App |
| 3 | BBVA Uruguay | International | BBVA App |
| 4 | Itaú Uruguay | International | Itaú App |
| 5 | Scotiabank Uruguay | International | Scotia App |
Market Structure
- Toke: Interoperable QR
- Prex: Regional fintech
- BCU: Authorization authority
- International banks: Major presence
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| Toke | Banks/BCU | Interoperable QR | Active |
| BROU transfers | BROU | State bank | Active |
| Prex | Fintech | Regional wallet | Active |
| Card networks | Visa/MC | Cards | Active |
Toke System
- BCU authorized issuers
- 6+ participating banks
- Instant settlement
- Free for users
- Commercial name "Toke"
Participating Entities
- BROU (Banco República)
- Santander
- BBVA
- Itaú
- Scotiabank
- HSBC
- Prex, Mi Dinero, Oca Blue
QR code standards
Toke QR
| Attribute | Value |
|---|---|
| Operator | BCU authorized |
| Banks | 6+ participating |
| Settlement | Instant |
| Cost | Free |
Toke Features
- Universal QR logo
- Any participating wallet
- Immediate credit
- Free payments
- Merchant QR display
Future Interoperability
- VIX Brazil planned
- Modo Argentina planned
- Cross-border QR
- Regional integration
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| Bank Apps | Banks | Yes | Toke enabled |
| Prex | Fintech | Yes | Regional |
| Mi Dinero | Private | Yes | Toke |
| Oca Blue | Oca | Yes | Toke |
Prex Features
- Dual currency (UYU/USD)
- Free regional transfers
- Chile, Argentina, Peru, Uruguay
- Brazilian Pix payments
- QR Toke compatible
Cross-Border
- Pay in Brazil with Pix/QR
- Instant transfers
- No additional charges
- Regional wallet
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Toke QR | Interoperable | BCU | 6+ banks | toke |
| Prex | Regional | Fintech | 4 countries | prex |
| Bank transfers | Instant | Banks | Active | — |