TerraPay, a global money movement company, has announced a strategic partnership with Banco Ganadero S.A., one of Bolivia’s leading financial institutions, to enable 24/7 real-time payments processing across the country.
Through this collaboration, Bolivians living abroad can send funds to Bolivia quickly, securely, and with real-time availability. Payments can be credited to any bank in Bolivia through the ACH system, as well as to Banco Ganadero accounts, mobile wallets, and YoloPago, Banco Ganadero’s digital wallet, offering multiple and convenient payout options.
Remittances play a critical role in Bolivia’s economy and in supporting millions of families nationwide. With nearly two million Bolivians residing abroad, this partnership strengthens key remittance corridors including Spain, the United States, Chile, Argentina, Switzerland, and Brazil, ensuring faster and more reliable access to funds for recipients in Bolivia.
“Remittances continue to play a vital role in Bolivia’s economy, with officially recorded inflows reaching US $1.29 billion in 2024, according to World Bank‑based estimates and this is only increasing as we begin 2026. At a time when thousands of Bolivians abroad rely on fast, dependable ways to support their families back home, our partnership with Banco Ganadero delivers exactly what the market needs – real‑time payments, instant availability across all banks via ACH, and seamless payouts to mobile wallets” – said Hassan Chatila, VP, Global Head of Network at TerraPay.
By combining TerraPay’s global interoperability with Banco Ganadero’s strong domestic reach, we are making cross‑border transfers significantly faster, more transparent, and more accessible for Bolivian communities worldwide.”
Remittances account for an estimated 2–3% of Bolivia’s GDP, underlining their importance to the national economy. This partnership reflects the shared commitment of TerraPay and Banco Ganadero to innovation, financial inclusion, and the continuous improvement of cross-border payment services.