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Paraguay

PY · PRY · 600Latin AmericaPYG ₲23 methods

5 sources

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
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend
  • Cash48%
  • Card (Debit & Credit)32%
  • Digital Wallet16%
  • Bank Transfer3%
  • Other1%

Methods in use

top 8 of 23
All 23 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
23
Banks covered
2
Largest banks
Compare with
JamaicaNicaraguaEl SalvadorGuyana
Sources
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