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Bolivia

BO · BOL · 068Latin AmericaBOB Bs.19 methods

5 sources

QR code transactions reached 385 million operations worth US$22.5 billion in 2024 — up 182% in volume.

$1.6 bn
e-commerce spend
9.1M
online population
~70%
banked adults
~20%
credit card population
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend
  • Cash40%
  • QR / Bank Transfer30%
  • Card (Debit & Credit)22%
  • Mobile Wallet6%
  • Other2%

Methods in use

top 8 of 19
All 19 methods in Bolivia →

Checkout behaviour

The Central Bank-mandated interoperable QR system (launched 2019) is the cornerstone of digital payment growth.

E-commerce market projected at US$1.6 billion in 2024, growing at ~10.6% CAGR to US$2.7 billion by 2029.

Facts
ISO 3166
BO · BOL · 068
Region
Latin America
Population
12.5M
Currency
BOB Bs.
Banked adults
~70%
Methods live
19
Banks covered
12
Largest banks
Compare with
El SalvadorPanamaGuatemalaJamaica
Sources
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