SPI Paraguay (Sistema de Pagos Instantáneos)The instant component of Paraguay’s payment system, open to QR and NFC. Paraguay came late but built in a mandatory QR interoperability hub from day one, avoiding the fragmentation its neighbors went through.Banco Central del Paraguay · since 2025
Global registry · Latin America · South America
Paraguay Payment systems
3 systems listed.
This country doesn’t have a written market analysis yet: e-commerce shares, regulator, and key players are still to be documented. The systems below, however, are verified.
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Instant payments
Clearing and settlement
SIP (formerly SIPAP, Sistema de Pagos del Paraguay)Paraguay’s national infrastructure, renamed SIP in 2026. It covers gross settlement, retail clearing, and, since 2026, a central QR interoperability module that links banks, finance companies, and wallets. The instant transfer limit was raised to 10 million guaraníes per transaction, 24/7, in March 2026.Banco Central del Paraguay (BCP) · since 2013
Acquiring and processing
BancardParaguay’s industry-owned processor and acquirer, operator of the Infonet network and the merchant QR code. A rare case of a national bank consortium moving the country to QR on its own, before the central bank stepped in.Bancard S.A. (owned by Paraguay’s banks) · since 1991more than 180 million QR transactions in 2025; 7 in 10 payments at affiliated merchants are made by QR (Bancard, 2025–2026)