About
Pago Móvil is Venezuela's interbank mobile payment system for bolívar transfers, launched in October 2017 through coordination between the Banco Central de Venezuela, banking regulator Sudeban and the Venezuelan Banking Association. Each user enrols a phone number with their bank; payers then send funds from their bank's app using only the recipient's phone number, national ID (cédula or RIF) and bank, and the money arrives immediately. The C2P ('comercio a persona') variant lets a merchant collect the payment itself, entering the buyer's phone, ID and a one-time purchase key issued by the buyer's bank. It handled 382.5 million transactions in March 2025, a monthly record at the time.
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