Bolivia’s Financial System Supervisory Authority (ASFI) has published an explanation of fintech licensing, distinguishing preliminary approvals from permission to provide services. Under the fintech framework introduced in July 2025, a notice of no objection or authorization to incorporate does not authorize a company to serve the public. An operating license identifies the company and the specific services it may provide. Existing providers undergoing regulatory adaptation can obtain a certificate allowing them to continue operations while bringing their services into compliance. New entrants, including foreign firms seeking to establish in Bolivia, must complete the formation process and undergo supervised testing before obtaining a license. Testing assesses how services operate, including security, risks and user protection. Existing providers follow a separate process involving an adaptation plan, regulatory review and testing where required before licensing. Users should check the company behind an app or platform, its regulatory status and its authorized activities against ASFI’s official information before entrusting it with money, rather than relying on advertising or social media.
Bolivia’s Financial System Supervisory Authority explains fintech licensing and limits of preliminary approvals
Bolivia’s Financial System Supervisory Authority (ASFI) has explained that preliminary fintech formation approvals do not authorize services to the public. An operating license specifies permitted services, while an adaptation certificate allows existing providers to continue operating as they bring services into compliance. Users should verify the company behind an app and its status with ASFI before entrusting it with money.