About
Simple is Bolivia's interbank QR payment system, developed by ACCL S.A., the clearing house founded in 2004 by the Association of Private Banks of Bolivia (Asoban) and supervised by the financial regulator ASFI. Launched in May 2019, it lets anyone with an account at a bank, cooperative, housing lender or mobile wallet pay or collect by scanning a Simple QR code in their institution's app, with funds moving account to account. QR payments have become Bolivia's main electronic payment channel: Asoban reported 891 million QR transactions worth US$51.3 billion in 2025, 94% of interbank electronic transfers.
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