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Bolivia, a landlocked country in South America, is gradually modernizing its financial system. The country has witnessed a growing use of digital payments and mobile banking, driven by the increasing use of smartphones and internet access. The government is actively promoting financial inclusion and encouraging the adoption of digital financial services. Bolivia’s payment system is transitioning, with a significant reliance on cash, particularly in rural areas. While credit and debit card usage is growing in urban centers, online banking and mobile money are developing to improve access to financial services.

Population

Estimated Population

11.8 million

Currency

Currency

Bolivian boliviano (BOB)



Popular payment methods