Bolivia Cultivating Innovation in the Andes
Get customized payment solutions for Bolivia
Fertile ground for growth!
In Bolivia, the jump from cash-only to mobile-first is happening at a speed that creates opportunities for first-movers in digital goods and services.
US$ 3,8 Bi
Digital Commerce Estimated revenue
for 2024
9,95 %
Annual growth rate
(CAGR 2024-2028)
5,6 Bi
Projected revenue
By 2028
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Discover Bolivia's payment methods
Efficient and Secure: Navigating Bank Transfers in Bolivia
Initiated seamlessly through advanced Online Banking and Mobile platforms, ensuring 24/7 accessibility for all users.
Transactions are validated in real-time through the Central Bank's clearinghouse, balancing speed with rigorous compliance.
Intra-bank transfers settle instantly.
Security is underpinned by bank-grade encryption and Biometric Multi-Factor Authentication (MFA) for total protection.
Supported by major Bolivian banks
Digital Wallets: Bolivia's Mobile-First Payment Revolution
Yape (Digital wallet owned by BCP) has captured nearly 50% of the population, making it the "Super-App" of Bolivia.
Unlike older models, Yape charges 0% commission on P2P and merchant transfers.
Bolivia uses the "Simple" QR standard. A Yape user can pay a Tigo Money merchant or any bank account using the same QR code.
These wallets allow the unbanked (approx. 45% of adults) to participate in the digital economy using only their ID and phone number.
Offer local payment methods and increase your conversion rate in Bolivia
Explore the Colombian market
We know the Colombian preference for cash payments and we have solutions that ensure ease, security, and real-time settlement.
What does SmartFastPay do? 
SmartFastPay Technology and Services is a Brazilian company that offers local payment methods for national or international websites. We process payments in local currency or market-specific solutions. To use our services, you must be registered on the partner Sites to whom we offer the services.
As SmartFastPay is a payment and technology company, we do not have the autonomy to cancel and/or decide any internal processes of our partners. Therefore, all information about delivery, tracking, refunds, and other details of your purchase should be requested directly from your shopping site.
How long does it take to confirm my payment?
The payment processing time may vary according to the payment method used.
We do not have autonomy over the processing time since we depend on the settlement/confirmation of the bank. When we receive the payment confirmation from the bank, the transaction is automatically approved, and the credit is sent to the purchase site.
If the indicated processing time has exceeded the expected period, we ask that you contact the purchase site sending the payment voucher.
- PIX: Instantaneous or up to 11 minutes
- Traditional Boleto: Between 24h to 72h
- Credit Card: Instantaneous
- Debit Card: Instantaneous
- TED Bank Transfer: If made within business hours, TED transfers can take up to 2 hours to be identified by the receiving bank and compensated in your contact's account. However, if transfers are made outside business hours or on weekends, they will be scheduled for the next business day.
- DOC Bank Transfer: an option for transfers from one bank to another, when performed until 9:59 PM on a business day, the operation is compensated on the next business day. After this time and on weekends and holidays, the credit only occurs on the second business day.