Credit Card Issuers in Bolivia
Highest year-on-year market share growth ranking
Credit Card outstanding receivables
The credit card market in Bolivia has shown a remarkable growth in the last 12 months, despite the challenges posed by the financial and political instability. According to our latest data, the market size reached USD 660.8 million in 2022, up from USD 567 million in 2021, representing a 16.5% increase. This trend is expected to continue in the next few years, with a forecast of USD 1152 million by 2025, based on the most likely scenario.
The number of active credit cards also increased by 5.4%, from 249.290 cards in 2021 to 262.841 cards in 2022. The average purchases by card also rose significantly, from 43.9 USD in 2021 to 66.5 USD in 2022.
The number of transactions with credit cards also soared by 59.8%, from 10.9 million in 2021 to 17.5 million in 2022. This shows a greater preference for using credit cards over cash or other alternatives, as well as a higher frequency of use. The main factors that contributed to this growth were the expansion of the network of point-of-sale terminals, the promotion of e-commerce, e-wallets and online payments, and the incentives offered by the card issuers, such as rewards, discounts, and instalments.
The number of active credit cards also increased by 5.4%, from 249.290 cards in 2021 to 262.841 cards in 2022. The average purchases by card also rose significantly, from 43.9 USD in 2021 to 66.5 USD in 2022.
The number of transactions with credit cards also soared by 59.8%, from 10.9 million in 2021 to 17.5 million in 2022. This shows a greater preference for using credit cards over cash or other alternatives, as well as a higher frequency of use. The main factors that contributed to this growth were the expansion of the network of point-of-sale terminals, the promotion of e-commerce, e-wallets and online payments, and the incentives offered by the card issuers, such as rewards, discounts, and instalments.