Paraguay

PY · PRY · 600Latin AmericaPYG ₲18 methods

Revised · 5 sources

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E-commerce market reached US$700 million in 2024, growing at 28% CAGR to US$1.5 billion by 2027.

$700 m

e-commerce spend

~5M

online population

~50%

banked adults

~16%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryLeading methodShare

Cash—48%
Card (Debit & Credit)Visa32%
Digital WalletGoogle Pay16%
Bank TransferTigo Money3%
Other—1%

Methods in use

top 8 of 18 · by spend

MethodTypeShare

All 18 methods in Paraguay →

Checkout behaviour

Instant payment system projected to surpass 172 million transactions by end-2025 (+113% since 2023).

QR code transactions hit 13 million in March 2025 alone; digital wallets nearing 40% penetration.

Facts

ISO 3166: PY · PRY · 600
Region: Latin America
Population: 7.4M
Currency: PYG ₲
Banked adults: ~50%
Methods live: 18
Banks covered: 2

Largest banks

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Mexico Sri Lanka Iceland Nepal

Sources

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