Payment methods in Bolivia

Mastercard is a leading global card network supporting credit, debit and prepaid card payments online, in-store and at ATMs worldwide. In the listed countries it is a core internationally accepted scheme.

Visa is the world's largest card network, enabling credit, debit and prepaid card payments online, in-store and at ATMs across virtually every market. In the listed countries Visa is a core internationally accepted scheme alongside local methods.

ATC is Bolivia's domestic card processing network that connects ATMs and POS terminals across the country's banking system. It ensures interoperability for debit card transactions between Bolivian banks, forming the backbone of the domestic card infrastructure.

Simple is a digital wallet operated by e-Fectivo ESPM S.A. in Bolivia. Alongside Tigo Money, it has been instrumental in bringing mobile payments to segments of the population beyond traditional banking reach. Simple participates in Bolivia's interoperable QR system and enables basic financial services via mobile app.

Bolivia's interoperable QR code payment system, established by the Central Bank (BCB) in 2019, allows users to pay any enrolled merchant regardless of their bank or wallet provider. By 2024, QR Simple transactions reached 385 million operations worth US$22.5 billion, a 182% volume increase year-on-year. 46.1% of transactions are for amounts under BOB 50, showing adoption for everyday micropayments. Integration with Mi Teleférico and La Paz Bus public transit was achieved in 2024.

Tigo Money, operated by Telecel (Millicom's Paraguay subsidiary), is Paraguay's leading mobile wallet and a key driver of financial inclusion. It enables P2P transfers, QR payments, bill payments, and remittance collection. Tigo Money participates in Paraguay's interoperable instant payment infrastructure and has deep penetration among the unbanked and underbanked population. QR transactions reached 13 million in March 2025, with much of this volume flowing through Tigo Money.