The Central Bank of Paraguay has closed its Digital Economy program with an award ceremony recognizing participating financial institutions and sponsored micro, small and medium-sized enterprises. The initiative was designed to expand the use of electronic payment methods among MSMEs and, over its nine-month run from July 2024 to March 2025, produced a 125 percent increase in total electronic transactions, rising from an estimated 33,467 at the start of the program to 75,147 by the end of the assessed period. Nine financial institutions joined the program on a voluntary and free basis and supported 62 MSMEs through awareness campaigns, training and tailored advisory work. Certified MSMEs were those with the largest increase in electronic transactions within each participating financial institution, while certified financial institutions were those posting the three largest aggregate increases across all of their sponsored MSMEs, subject to minimum requirements. The comparison covered October 2023 to June 2024 as the pre-program period and July 2024 to March 2025 as the post-launch period.
Central Bank of Paraguay2025-06-03
Central Bank of Paraguay closes Digital Economy program after 125 percent increase in MSME electronic transactions
The Central Bank of Paraguay has closed its Digital Economy program and recognized participating financial institutions and MSMEs. The nine-month initiative involved nine financial institutions and 62 MSMEs and increased total electronic transactions by 125 percent, from 33,467 to 75,147 over the assessed period.