Payments/VE
Venezuela, Bolivarian Republic of
ISO VE · 3 schemes
Summary
- Pago Móvil BDV QR payments
- C2P interbank system
- 90K+ merchants affiliated
- 24/7 availability instant
- Sanctions context local solutions
Banking landscape
Central Bank
- Name: Banco Central de Venezuela (BCV)
- Website: https://www.bcv.org.ve/
- Role: Monetary policy, payment oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Banco de Venezuela | State | BDVApp |
| 2 | Banesco | Private | Banesco App |
| 3 | Mercantil | Private | Mercantil App |
| 4 | Provincial | Private | Provincial App |
| 5 | Bicentenario | State | Bicent App |
Market Structure
- State banks: Large presence
- Pago Móvil: Primary system
- C2P: Interbank
- Sanctions: Shape landscape
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| Pago Móvil | Banks | Mobile payment | Active |
| C2P | Interbank | QR/SMS | Active |
| BDV QR | Banco de Venezuela | QR Code | Active |
| Card networks | Local | Cards | Active |
Pago Móvil System
- Inter-bank mobile transfers
- Phone number based
- QR code enabled
- Instant settlement
- 24/7 availability
C2P (Commerce to Person)
- Interbank enabled
- SMS or QR collection
- Immediate receipt
- Business focused
- PuntoYaBDV integration
QR code standards
PagomóvilBDV QR
| Attribute | Value |
|---|---|
| Provider | Banco de Venezuela |
| Merchants | 90K+ affiliated |
| Method | Scan or paste |
| Availability | 24/7 |
QR Payment Flow
- Customer scans QR in BDVApp
- Business data displayed
- Enter payment amount
- Confirm transaction
- Instant settlement
C2P QR
| Attribute | Value |
|---|---|
| System | Interbank |
| Method | QR + SMS |
| Platform | PuntoYaBDV |
| Recipients | BDV clients |
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| BDVApp | Banco de Venezuela | Yes | Full banking |
| Banesco App | Banesco | Yes | Banking |
| Mercantil App | Mercantil | Yes | Banking |
| Provincial App | Provincial | Yes | Banking |
BDV QR Features
- Scan QR code
- Paste data option
- Amount entry
- Instant confirmation
- 24/7 operation
Merchant Registration
- Access BDVenlínea empresas
- Select PagomóvilBDV comercio
- Authorize phone numbers
- Download QR code
- Display at establishment
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| PagomóvilBDV QR | Bank QR | BDV | 90K+ merchants | — |
| C2P | Interbank | SMS/QR | Active | — |
| Pago Móvil | Mobile | All banks | National | — |
Sources
- Banco de Venezuela - PagomóvilBDV
- VTV - Digital Economy
- El Estímulo - QR Tutorial
- NORBr - Venezuela Payments
Full country report
Schemes
Standards
Primary · 1
Mentioned · 1