Venezuela, Bolivarian Republic of

The Bolivarian Republic of Venezuela is a country on the northern coast of South America.


Link to external site : Website for Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of
Wallets
Development Developing
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GDP ($m)
228,070.80
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HDI classification High
Mobile Connections (m)
Currency VEF
Class
CountryISO VE
Sovereignity Country
Territory of - NA -
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{"type":"PieChart","data":[["Operator","Connections"],["Movilnet (CANTV)",14686900],["Movistar (Telef\u00f3nica)",9000000],["Digitel",6650122]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",5465425],["Q4 2001",6329862],["Q4 2002",6712012],["Q4 2003",7302074],["Q4 2004",8515634],["Q4 2005",12680704],["Q4 2006",18782337],["Q4 2007",23818923],["Q4 2008",29090487],["Q4 2009",32180957],["Q4 2010",36087271],["Q4 2011",38708170],["Q4 2012",40705795],["Q4 2013",42418239],["Q4 2014",43750413]],"options":{"title":"Connections"}}
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Channel Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["Mobile",1]],"options":{"title":"Initiatives ( 1 of 1 )"}}
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COT Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["MNO",1],["Vendor",1]],"options":{"title":"Initiatives ( 1 of 1 )"}}
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Persona Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["MW",1]],"options":{"title":"Initiatives ( 1 of 1 )"}}
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Products
{"type":"ColumnChart","data":[["Category","Initiatives"],["BP",1],["DMT",1],["DW",1],["IMT",1],["MB",1],["MP",1]],"options":{"title":"Initiatives ( 1 of 1 )"}}
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PI Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",1]],"options":{"title":"Initiatives ( 1 of 1 )"}}
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Central Bank
Key Regulations
Type of law
Legal System
Civil law system based on the Spanish civil code
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Law is based on
Approach
Sectors active in Digital Money
Exclusivity
Certainty
Openness
Proportionate?
Allowed Models
DominantModel
E-Money
No specific framework for e-money. Mainly by banks
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Payment
Agent
BB: Only through banks and exchange houses
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Money Transfer
Does not have any Forex transaction restrictions
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Taxation
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Population m 27.47
Adult % 69.00
Migrants %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
Internal Migration Rate %
Intl Movement Rate %
Urban % 93.00
Female % 49.90
Literate % 95.15
Annual Growth %
Mobile Penetration % 113.76
Banked % 28.00
Access to FS % 59.75
Internet % 21.00
Branches per 100k adults 18.50
ATMs per 100k adults 27.99
POS per 100k adults 0.00
Prepaid % 87.80
Prepaid SIM Registration
MobileUnbanked (m) 19.78
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
Registered Wallet Users
Top Wallets
Informal Market
Cost To Remit
Key Players
Movistar Trivnet
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