About
QR Simple is Bolivia's interoperable QR payment standard, established by the Banco Central de Bolivia in 2019 through Board Resolution 137/2019. The payee's bank or wallet app generates a code holding the amount, the holder's name, their account or phone number and their financial institution. The payer scans it in any participating app, and the funds move as an interbank electronic transfer, confirmed to both sides within seconds. According to the banking association Asoban, QR Simple was Bolivia's predominant payment method in 2025, with 891 million transactions worth about US$51.3 billion, 94% of all interbank electronic transfers by number.
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