Bolivia, a promising country with little competition

The e-commerce market in Bolivia has been growing rapidly due to several factors, like an increase in internet and mobile penetration, new e-commerce platforms available to consumers, and more possibilities of payment methods.

Bolivian online shoppers prefer to purchase from international e-commerce websites

In 2018 e-commerce revenue was $257M and has an expected growth of 6% annually.
Younger consumers are more likely to buy online because they exhibit more trust in e-commerce purchases and online payments. Also, the rate of internet users is higher among Bolivians aged 16 to 25 years old.
The Startup hub is increasing in the country, with 152* startups from the finance, digital market, and software services sectors putting cities like La Paz, Santa Cruz, and Cochabamba on the map.
The Bolivian population is very connected to the internet. The internet penetration is of 65%* in the country.
Mobile is shaping e-commerce in Bolivia, 99%* of the population has a cellphone.

Sell online to Bolivian consumers in their local currency and receive your money in USD

Local Payment Methods in Bolivia

A large part of the Bolivian population believes that it is difficult to get a credit card and that the interest rates are very high. Also, most of them don’t feel safe using a credit card online. For this reason, cash payments are still widely used in the country.

E-commerce transactions by payment methods in 2019

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Available with local payment processing.

Available with international payment processing.

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PagosNet

With PagosNet by EBANX, your customer receives a voucher with a reference number that can be paid through online banking or in cash in different collect stores. The main reasons why Bolivian consumers choose to pay through PagosNet are transparency, security in information management, and wide national coverage at urban and rural levels.
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Local Credit Cards

The usage of credit cards has been growing. Although, only 30% of credit cards issued in Brazil are able to make international purchases. Start to accept both international and domestic cards and increase your conversions.
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Local Debit Cards

Debit card is a common payment method in Brazil, today, there are 346M active debit cards in the country, also 647B reais were spent using this method in 2019. Accept debit cards to reach a new consumer base and optimize your revenue in Brazil.
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Installments

Brazilians have the habit of splitting the total amount of a purchase made with a credit card in up to 12 monthly payments. Allow your customers to make higher-value purchases and increase your average ticket.
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Alternative Payments

Brazil has several ways to pay online beyond credit cards. Bank Transfer and Online Debit are two effectivity payment options. Allow consumers to use their usual bank account to make an immediate payment without the risk of chargeback for you.

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Digital Wallets

The popularity of digital wallets is increasing in Brazil, mostly due to the benefits offered by them, such as convenience, security, and simplicity to pay. Be ahead of the market and start to offer digital wallets on your e-commerce store.

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Get the broadest reach with Bolivian payment methods

Recurring Payments

More people have access to the Internet, which is driving the growth of streaming, video, and audio services in Brazil. Accept recurring payments in local currency and optimize your revenue.

Our payment solution is tailored for Latin America and accommodates diverse subscription models available in the market to supports the needs of your company.

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Increase your customer base.

Reduce churn with automatic recurring billing.

Boost payment acceptance in a safe way.

Localized customer experience with payment transparency.

Payout

Pay your Brazilian suppliers simply and securely, in the way they want to be paid. EBANX Payout offers all the support as regulation, compliance, taxes, and local connections to make this payment process smooth to you and to your Brazilian partners.