Venezuela

VE · VEN · 862Latin AmericaVES Bs.16 methods

Revised · 7 sources

Hyperinflation has driven informal dollarisation; many everyday transactions now occur in USD rather than VES.

~20M
online population
~60%
banked adults
~15%
credit card population

Payment mix

share of e-commerce spend

Methods in use

top 8 of 16 · by spend

Checkout behaviour

Pago Móvil (SUDEBAN) is the dominant domestic bolivar payment system and is used by virtually all Venezuelans with a bank account — its omission from the site is a significant gap.

Zelle is widely used for USD P2P and merchant payments, including at physical stores, due to its accessibility among Venezuelans with U.S. bank accounts.

Facts
ISO 3166
VE · VEN · 862
Region
Latin America
Population
~29M
Currency
VES Bs.
Banked adults
~60%
Methods live
16
Banks covered
2
Sources
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