What are SPI and SIP?
The SPI is the BCP's instant payment system, open 24/7 for transfers of up to G. 10 million. Since April 2026, the national payment system formerly called SIPAP is branded SIP. It processed 39.6 million instant transfers in October 2025, many by alias.
In detail
The SPI is the BCP's instant payment system, open 24/7 for transfers of up to G. 10 million. Since April 2026, the national payment system formerly called SIPAP is branded SIP. It processed 39.6 million instant transfers in October 2025, many by alias.
How people pay in Paraguay in 2026
Bank transfers are the other pillar. In 2025, transfers made up 52% of about 700 million financial system transactions, cards 40% and ATM withdrawals 8%, according to figures cited by Banco Familiar. The Banco Central del Paraguay (BCP) runs the instant payment system SPI, part of the national payment system renamed SIP in April 2026, and launched an interoperable QR in July 2026.
Payment by bank transfer in Paraguay
In October 2025 alone the SPI processed about 39.6 million transfers, 2.1 times more than a year earlier, and 283 million from January to October. SPI operations made up 97.2% of activity on the national payment system in November 2025. In April 2026 the BCP renamed that system, known since 2013 as SIPAP, to SIP, a brand change only.
More detail in our #PayWorldTour guide Payment methods in Paraguay.