Transfer365A free public instant rail in a dollarized economy, run by the central bank and open to banks, cooperatives, and savings and credit societies. The contrast with the country’s Bitcoin experiment is striking: Transfer365, not Chivo, digitized payments in El Salvador.Banco Central de Reserva de El Salvador (BCR) · since 202055,744,399 transactions in 2025 worth US$42,890.15 million, or 91.12% of the domestic instant transfer market; 28 participating institutions; more than US$160 billion cumulatively over five years; US$265.87 million saved in fees since launch; average transfer time 15 seconds (BCR, 2025–2026)
Global registry · Latin America · Central America
El Salvador Payment systems
2 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.
IBAN · El Salvador
28 characters27 BIC codes
- Total length
- 28 characters
- Bank code position
- 5–8
- BBAN structure
4!a20!n
Structurally valid example
SVcountry code62check digitsCENRbank00000000000000700025account
SV62 CENR 0000 0000 0000 0070 0025
Learn about this market. The guides and courses that cover it.
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Instant payments
Cross-border rails
Transfer365 CA-RDCross-border extension of Transfer365 that lets customers send funds from El Salvador to Costa Rica, Guatemala, Honduras, Nicaragua, and the Dominican Republic at low cost, from their usual online banking. A direct alternative to money transfer operators on an intraregional corridor.Banco Central de Reserva de El Salvador, on the SIPA infrastructure · since 2023