Status
Operating at scale
Data Exchange System Name
Sistema de Intercambio de Información
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
Yes
Digital ID System Name
Identidad electrónica
ID System link
Name (Payment)
SIPAP (Sistema de Pagos de Paraguay)
URL (Payment)
Region
Latin America
# of participants
Unknown
AML law
No
Bank participation in network
Yes
Centralised fraud management system?
Unknown
Consumer protection law
Yes
Governor
Central bank/ Financial regulator
Instant settlement system/ platform
No
Non-bank participation in network
No
Notes
SPI is one of the 5 systems under Payment Systems of Paraguay (SIPAP), others include RTGS, ACH. Current phase focuses on introducing fast payments and adding participants, following phase )last quarter of 2023) focuses on scale and user experience. Note on interoperability policy- focused approach in which interoperability is required or encouraged, either for only a given set of payment types or for only some PSPs
Offline transactions
Unknown
Operator
Central bank
QR-based transactions
Unknown
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Unknown
Rules: data leak notifications
Unknown
Rules: participation conditions
Yes
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Transaction cost
Unknown
Transaction types
P2P
P2M
B2B
Value (Year-USD)
Unknown
Volume (Year- Volume)
Unknown