PMI arrives in Bolivia: facilitating international payments in a challenging environment

At PMI, we continue to expand our international payments network to offer agile and secure solutions in key markets. Today, we are pleased to announce our arrival in Bolivia, enabling businesses and individuals to send and receive funds globally with greater flexibility and efficiency.

Economic and financial challenges in Bolivia

Bolivia is going through a complex economic context, characterized by several factors that affect the flow of foreign exchange and commercial operations:

• Fall in Net International Reserves (NIR): The reduction of these reserves has limited the availability of dollars in the financial system.
• Fixed exchange rate: Since 2011, the official exchange rate has been maintained at Bs 6.86 (purchase) and Bs 6.96 (sale) per dollar. This policy has generated distortions in the exchange market and has increased the demand for foreign currency.
• Decrease in exports: External and internal factors have affected the country's international sales, reducing dollar inflows.
• Political instability: Socio-political tensions have generated uncertainty, impacting confidence in the economy and hindering cross-border operations.

PMI solutions: frictionless international payments

Against this backdrop, PMI offers an efficient alternative to facilitate international payments and improve the liquidity of Bolivian companies. Through our platform, users can send and receive payments with greater security and transparency, which helps them mitigate exchange market distortions and streamline international transactions.

Key benefits for Bolivia:

• Same day international payments: We optimize cash flow to accelerate the liquidity of companies and individuals.
• Regulatory compliance: Solid structure aligned with local and international regulatory requirements.
• Global coverage: We facilitate transactions in multiple countries, boosting foreign trade and the expansion of Bolivian businesses.

Commitment to financial innovation

At PMI, we adapt to the challenges of each market to offer secure, efficient and affordable solutions. Integrating international payments with flexible currency options reinforces our commitment to financial stability in complex environments.

PMI, connecting Bolivia with the world.