The Republic of Paraguay is a landlocked country in South America bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Link to external site : Website for Paraguay |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
12,222.29 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
6.677 Upgrade to Bronze |
| Currency | PYG |
| Class | |
| CountryISO | PY |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["Tigo (Millicom)",3800156],["Personal (Nucleo)",2000439],["Claro (America Movil)",515770],["Vox (Copaco)",360191]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",874064],["Q4 2001",1161959],["Q4 2002",1275274],["Q4 2003",1421872],["Q4 2004",1389816],["Q4 2005",1872245],["Q4 2006",3231835],["Q4 2007",4667611],["Q4 2008",5640398],["Q4 2009",5976789],["Q4 2010",6369647],["Q4 2011",6690324],["Q4 2012",6941936],["Q4 2013",7139594],["Q4 2014",7303077]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Mobile",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Bank",1],["MNO",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["MP",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",1],["BP",1],["DMT",1],["MP",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Wallet",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system with influences from Argentine, Spanish, Roman, and French civil law models; judicial review of legislative acts in Supreme Court of Justice Upgrade to Bronze |
| Law is based on |
The Paraguayan Civil Code in force since 1987 is largely influenced by the Napoleonic Code and the Argentinian Code Upgrade to Bronze |
| Approach | |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Jointly Led Upgrade to Bronze |
| DominantModel |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",89.86],["Banked",30],["Internet",5],["Urban",60],["Adult",65],["Literate",94.55821823]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 6.12 |
| Adult % | 65.00 |
| Migrants % |
3.00 Register/Log In |
| Stock Immigrants ('000) |
161.30 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
1,600.00 Upgrade to Bronze |
| Internal Migration Rate % |
26.40 Upgrade to Bronze |
| Intl Movement Rate % | |
| Urban % | 60.00 |
| Female % | 48.10 |
| Literate % | 94.56 |
| Annual Growth % |
| Mobile Penetration % | 89.86 |
| Banked % | 30.00 |
| Access to FS % | 30.00 |
| Internet % | 5.00 |
| Branches per 100k adults | 6.20 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 85.60 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 3.85 |
| Monthly ARPU | |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Long Term Upgrade to Bronze |
| Registered Wallet Users |
150,000 Upgrade to Bronze |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |