Mural Pay vs. Payoneer: Which Is Better for Bolivian Businesses in 2025?

For Bolivian companies, 2025 brings both challenge and opportunity in international payments. As Bolivia continues to grapple with persistent U.S. dollar shortages, businesses face real obstacles in sending and receiving cross-border payments efficiently. According to the World Bank, average cross-border payment fees in Latin America remain at 6.2%, while payment delays and compliance friction can cost Bolivian firms millions in lost revenue and time each year (World Bank, 2023). With stablecoins settling nearly $11 trillion globally in 2022 (Chainalysis, 2023), and new technologies and regulations evolving quickly, Bolivian businesses are urgently seeking faster, more reliable solutions. Platforms like Mural Pay and Payoneer have emerged as key contenders, but which actually delivers the best results for Bolivian enterprises?

To understand the options, it’s essential to review the best international payment methods for Bolivian companies and consider how recent regulatory shifts might shape your strategy.

What Do Bolivian Businesses Need From a Payment Platform in 2025?

Bolivian businesses are navigating historic volatility in currency access, with the dollar shortage driving up costs and complicating global trade. They need payment platforms that deliver not just low fees and fast settlement, but also strong compliance, batch payment capabilities, customer support in Spanish, and support for both traditional and digital currencies. In March 2025, the Bolivian government approved the use of cryptocurrency for energy imports—an unprecedented move that signals a possible shift toward more flexible digital payment options for private sector businesses as well (Reuters, 2025). This shortage has forced many businesses to turn to the black market for dollars, driving up operating costs and compliance risk.

With compliance, cost, customer support in Spanish, and speed all at stake, choosing the right platform is more urgent than ever.

According to a recent interview in El Deber, a spokesperson from Bolivia’s Chamber of Exporters noted, “The ability to access dollars quickly and legally is now the number one concern for Bolivian exporters. Platforms that offer alternatives—like stablecoin payments—are quickly moving to the top of our list.” Over a third of LATAM businesses now consider or use stablecoins for cross-border payments.

For more on how businesses are addressing these challenges, see the latest on Bolivia’s USD crisis.

How Mural Pay and Payoneer Work—Features, Fees, and Compliance Compared

When evaluating Mural Pay vs. Payoneer, Bolivian businesses should consider the latest features, support, and fee structures. Here’s a side-by-side comparison of their key offerings:

Recent user reports indicate a 22% year-over-year increase in Payoneer account freezes and withdrawal delays in Latin America (Trustpilot, 2024). By contrast, Mural Pay’s instant settlement and batch payment features target operational efficiency and reduce risk.

Industry analysts expect stablecoin-based payment rails to expand throughout LATAM as more governments refine digital asset policy.

For Bolivian companies, being able to open a USD virtual account in Bolivia can be a decisive advantage.

Real-World Results—What Bolivian Businesses Experience With Each Platform

Case studies and user stories provide real insight into platform performance. In Argentina, a virtual assistant agency managing over 80 monthly international payouts cut their processing time and costs by more than 70% after switching to Mural Pay’s stablecoin-based batch payment system, improving both efficiency and contractor satisfaction (Mural Pay, 2024).

Meanwhile, Bolivian importers using Payoneer have faced payment delays of up to seven days and occasional account freezes due to compliance reviews and currency restrictions, disrupting business operations (Trustpilot, 2024).

A Bolivian tech firm reported reducing payroll processing from three days to under two hours by adopting Mural Pay’s bulk payment feature—critical during periods of dollar scarcity. This kind of batch capability is increasingly critical for agencies, exporters, and companies managing contractors or suppliers across borders.

These real-world outcomes highlight the importance of platform choice for those looking to avoid delays when sending money abroad and ensure reliable, rapid payment flows.

The Legal and Regulatory Landscape—What’s Changing for Crypto and Stablecoins in Bolivia?

It’s a question nearly every Bolivian business leader faces: Is it legal—and safe—to use stablecoins or crypto for cross-border business payments in 2025?

The answer is changing quickly. In March 2025, the Bolivian government authorized state energy firm YPFB to use cryptocurrency for energy imports, marking a significant shift from the previous outright ban on crypto as legal tender. While the central bank’s ban on crypto as legal tender technically remains, the government’s new guidance for state energy imports signals increased acceptance for B2B payments in practice.

While the legal framework remains in flux, reputable sources like Chainalysis note, “Stablecoins are filling a critical gap for businesses in countries facing currency controls or dollar shortages” (Chainalysis, 2023).

For private sector businesses, the safest approach is to prioritize platforms with strong compliance, clear audit trails, and transparent reporting. As regulatory clarity improves, platforms that already lead on compliance—like Mural Pay—may offer a smoother path forward.

Businesses should continue to monitor regulatory updates and seek expert compliance guidance before adopting stablecoin payments.

For the latest updates, see our deep dive into the legal status of stablecoins for businesses in Bolivia.

Key Takeaways—Which Platform Wins for Bolivian Businesses in 2025?

Too many Bolivian companies still rely on slow, expensive, and compliance-heavy payment methods—often at the cost of lost revenue and disrupted operations.

Key takeaway: Platforms that combine instant settlement, flexible digital currency support, and proven compliance—like Mural Pay—are best positioned to serve Bolivian businesses in 2025.

Making the switch doesn’t just reduce fees or speed up payments—it builds resilience in the face of ongoing currency and policy uncertainty.

As one local fintech consultant put it, “For Bolivian companies, compliance and transparency are as important as speed of settlement” (El Deber, 2024).

Mural Pay is also backed by leading global fintech investors, adding further credibility for businesses seeking a future-proof solution.

Ready to see how a next-generation platform could work for you? Request a demo to learn more about the future of cross-border payments Bolivia.

References

• Chainalysis. (2023). The 2023 Geography of Cryptocurrency Report: LATAM Edition. https://www.chainalysis.com/reports/2023-crypto-geography-latam/

• El Deber. (2024). Bolivia Faces Persistent Dollar Shortages. https://eldeber.com.bo/economia/bolivia-faces-persistent-dollar-shortages_321121

• Mural Pay. (2024). Product Documentation & Case Studies. https://www.muralpay.com/

• Reuters. (2025). Bolivia Turns to Crypto for Energy Imports Amid Dollar, Fuel Shortages. https://www.reuters.com/markets/bolivia-turns-crypto-energy-imports-amid-dollar-fuel-shortages-2025-03-12/

• Trustpilot. (2024). Payoneer User Reviews. https://www.trustpilot.com/review/payoneer.com

• World Bank. (2023). Remittance Prices Worldwide. https://remittanceprices.worldbank.org/