C2P (Pago Móvil Comercio a Persona)Merchant version of Pago Móvil: the merchant initiates the request and the customer confirms with a key. It is Venezuela’s rail for collecting retail payments, and it carries a fee. Do not confuse it with the nearly free P2P service.Banco Central de Venezuela and participating banks · since 2020fee capped at 1.5% of the amount for C2P versus 0.3% for P2P, with a minimum of 2 bolívares (official BCV notice, 2025)
Global registry · Latin America · South America
Venezuela 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.
Learn about this market. The guides and courses that cover it.
Payments in the Caribbean and Central AmericaPayments in Argentina, Chile, and UruguayPayments in Mexico and the AndesPayments in Peru, Bolivia, and EcuadorPayment success rates and what drives themCross-border acquiring around the worldAccepting payments in Argentina and ChileAccepting payments in Colombia and PeruPayments in Latin America: Pix, cash, and cuotasOpening a new market: the payments playbookCollecting payments for the public sectorCollecting fares on public transit
Instant payments
Pago Móvil InterbancarioInstant rail using phone numbers that has become the go-to payment method in Venezuela, an economy hit by hyperinflation and then de facto dollarization. It works even for tiny amounts, and it shows that an A2A rail can take hold without modern smartphones or cutting-edge infrastructure.Banco Central de Venezuela (BCV) (via the national interbank network) · since 2017376 million transactions in April 2025 alone, and 41% of Venezuelan banking transactions, versus 47% for card terminals (BCV, April 2025)
Stablecoins
Petro (PTR)DiscontinuedState-issued, oil-backed crypto-asset, discontinued on January 15, 2024, with residual balances liquidated, amid a corruption scandal at SUNACRIP. It is still cited as a precedent for a “sovereign digital currency.” Readers should know it no longer exists and was never a CBDC.Superintendencia Nacional de Criptoactivos (SUNACRIP), Venezuelan government · since 2018