Bolivia
Learn more about currency, payment methods, processing times, and other essential details for operating in Bolivia with Localpayment. This guide provides a comprehensive overview of everything you need to know to integrate and optimize your payment processing in this market.
Country Overview
Essential information about Bolivia:
| Country Code (2 digits) | Country Code (3 digits) | Currency Code | Number of decimals |
|---|---|---|---|
| BO | BOL | BOB | 2 |
Supported Card Networks
Localpayment supports these card networks in Bolivia:
Credit Cards
- Visa
Payment methods
Localpayment offers a range of Payin and Payout methods in Bolivia:
Incoming Payments (Payins)
Available methods for receiving funds:
Bank Transfer
Accept payments for your products or services by bank transfer.
Credit Card
Accept credit card payments at your merchant and provide installments and subscriptions to your clients.
Method | Min Amount | Max Amount | Payment Method Code | Payment Confirmation | Working Hours | Execution Notification Time | Cut-Off |
|---|---|---|---|---|---|---|---|
QR | 1.00 | 1,000,000.00 | 1150 | Asynchronous | 24 h | Real Time | |
Payin Bank Transfer | 1.00 | 1,000,000.00 | 1199 |
| Method | Min Amount | Max Amount | Payment Method Code | Payment Confirmation | Working Hours | Execution Notification Time | Cut-Off |
|---|---|---|---|---|---|---|---|
| Visa | 0.00 | 6,000,000.00 | 1711 |
Outgoing Payments (Payouts)
Available methods for disbursing funds:
| Method | Min Amount | Max Amount | Payment Method Code | Cut-Off (GMT-3) | Execution Time (Days) | Notification Time (Days) |
|---|---|---|---|---|---|---|
| SCP | 1.00 | 9,999,999.00 | 0020 | 15 h | t+0 | t+0 |
Supported Document Types
Localpayment accepts these document types for verification in Bolivia:
| Document Type | Description | ID for individuals and/or legal entities | Length | Document ID Example |
|---|---|---|---|---|
| CI | Cedula de Identidad | Physical Person | ||
| CE | Cedula de Identidad de Extranjero | Physical Person | ||
| NIT | Numero de Identificación Tributaria | Physical Person and Legal Person |
Bank account types
Bolivia uses the following bank account types for transactions. Ensure you provide the correct account details when processing payments.
| Bank Account Type | Name | Length | Example |
|---|---|---|---|
C | 7-14 | 1234567 | |
S | 7-14 | 87654321 |
Holidays
Plan your transaction processing around these national holidays in Bolivia:
| Holiday | Date |
|---|---|
| New Year's Day | January 1 |
| Plurinational State Foundation Day | January 22 |
| Carnival | March 3 |
| Carnival | March 4 |
| Easter Thursday | April 17 |
| Easter Friday | April 18 |
| Labour Day | May 1 |
| Corpus Christi | June 19 |
| Aymara New Year | June 21 |
| Independence Day | August 6 |
| All Souls' Day | November 2 |
| Christmas Day | December 25 |
Supported Banks
Below is a list of banks in Bolivia that are supported by Localpayment:
Important
Since they are not a part of the SWIFT network, several financial institutions do not currently have a SWIFT code. In the list, the institutions are marked as "NOT CONNECTED". Even though they are not connected, these institutions can still receive local transfers.
| Code | Type | Name | Swift |
|---|---|---|---|
| 001 | Bank | BANCO MERCANTIL | MERBBOLX |
| 002 | Bank | BANCO NACIONAL DE BOLIVIA | BNBOBOLX |
| 003 | Bank | BANCO DE CRÉDITO DE BOLIVIA | BCPLBOLX |
| 005 | Bank | BANCO BISA | BANIBOLX |
| 006 | Bank | BANCO UNIÓN | BAUNBO22 |
| 007 | Bank | BANCO ECONÓMICO | BOEOBO22 |
| 008 | Bank | BANCO SOLIDARIO | BSOLBOLP |
| 009 | Bank | BANCO GANADERO | GNDRBO22 |
| 011 | Bank | LA PRIMERA ENTIDAD FINANCIERA DE VIVIENDA (EX MUTUAL LA PRIMERA) | NOT CONNECTED |
| 013 | Bank | MUTUAL LA PROMOTORA | NOT CONNECTED |
| 014 | Bank | EL PROGRESO ENTIDAD FINANCIERA DE VIVIENDA (EX MUTUAL EL PROGRESO) | NOT CONNECTED |
| 022 | Bank | COOPERATIVA JESÚS NAZARENO | NOT CONNECTED |
| 023 | Bank | COOPERATIVA SAN MARTIN | NOT CONNECTED |
| 024 | Bank | COOPERATIVA FÁTIMA | NOT CONNECTED |
| 029 | Bank | COOPERATIVA PIO X | NOT CONNECTED |
| 031 | Bank | COOPERATIVA QUILLACOLLO | NOT CONNECTED |
| 033 | Bank | COOPERATIVA TRINIDAD | NOT CONNECTED |
| 034 | Bank | COOPERATIVA COMARAPA | NOT CONNECTED |
| 035 | Bank | COOPERATIVA SAN MATEO | NOT CONNECTED |
| 036 | Bank | COOPERATIVA EL CHOROLQUE | NOT CONNECTED |
| 038 | Bank | COOPERATIVA CATEDRAL | NOT CONNECTED |
| 039 | Bank | MAGISTERIO RURAL | NOT CONNECTED |
| 044 | Bank | BANCO PYME DE LA COMUNIDAD (BANCOMUNIDAD) | PYCOBO23 |
| 045 | Bank | BANCO FIE | BFIFBOLP |
| 047 | Bank | BANCO ECOFUTURO | PYEOBOLP |
| 049 | Bank | BANCO FORTALEZA | BFORBOLP |
| 052 | Bank | BANCO DE LA NACION ARGENTINA | NACNBOLP |
| 053 | Wallet | TIGO MONEY (BILLETERA MOVIL) | NOT CONNECTED |
| 054 | Wallet | BILLETERA MÓVIL DE ENTEL | NOT CONNECTED |
Updated 5 days ago