Payment methods in Paraguay

Zimple is a digital wallet and instant transfer platform that competes with Tigo Money in Paraguay. It is integrated with Paraguay's national instant payment infrastructure (SIPAP) and supports QR code payments, P2P transfers, and merchant payments. Zimple targets urban consumers seeking a fully digital banking alternative.

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.

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.

Billetera Personal is the mobile wallet product of Personal (Núcleo S.A.), Paraguay's second telecommunications operator. It provides mobile money services including P2P transfers, bill payments, and merchant payments for Personal subscribers, competing with Tigo Money in the mobile-first digital payments segment.

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.

SIPAP is Paraguay's national instant payment system overseen by the Central Bank of Paraguay (BCP). It underpins the rapid growth of QR and mobile payments in the country, projecting 172 million transactions in 2025. The Central Bank of Paraguay has received recognition for payment and market infrastructure development, reflecting the strength of its modernisation programme.