The Central Bank of Paraguay reported on its participation in the Central Banking 2025 Summer Meetings in London, where its officials presented Paraguay's Instant Payment System as a case study in payments modernization and financial inclusion and received Central Banking's Payments and Market Infrastructure Development 2025 award. The bank said the system has expanded to more than 2.4 million accounts, equal to 25% of the country's financial system, and is adding about 150,000 new users a month. Officials described the Instant Payment System as enabling real-time transfers 24 hours a day, seven days a week, and as Paraguay's main digital access channel for financial services. During the meetings, Central Bank of Paraguay representatives also took part in discussions on global economic governance, financial stability and payment-system interoperability. In that context, President Carlos Carvallo pointed to Paraguay's investment-grade credit ratings and successful international capital market issuances as evidence of confidence in the country's macroeconomic management, while reiterating a policy focus on low inflation, financial stability and a predictable investment environment. The bank also noted that it is advancing a draft law for a National Payments System aimed at creating a more modern regulatory framework to support the development and strengthening of payment services and systems in Paraguay.
Central Bank of Paraguay2025-06-13
Central Bank of Paraguay showcases instant payments progress and receives international market infrastructure award
The Central Bank of Paraguay used the Central Banking 2025 Summer Meetings in London to present the country's Instant Payment System and received Central Banking's Payments and Market Infrastructure Development 2025 award. The bank said the system now serves more than 2.4 million accounts, or 25% of the financial system, with about 150,000 new users added each month. It also referenced ongoing work on a National Payments System bill.