Bolivia

BO · BOL · 068Latin AmericaBOB Bs.16 methods

Revised · 5 sources

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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

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryLeading methodShare

Cash—40%
QR / Bank TransferTigo Money30%
Card (Debit & Credit)Visa22%
Mobile WalletGoogle Pay6%
Other—2%

Methods in use

top 8 of 16 · by spend

MethodTypeShare

All 16 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: 16
Banks covered: 12

Largest banks

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Sources

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