# Tigo Money (Millicom Latin America)

> Source: https://docs.barcoder.ai/docs/wallets/tigo-money
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Tigo Money — official](https://www.tigomoney.com/)

## Supported standards

This wallet supports the following visual-code standards:

- [`tigo-pesa-qr`](https://docs.barcoder.ai/docs/standards/tigo-pesa-qr)

## Overview

**Tigo Money** is **Millicom (Tigo) Group's pan-Latin-American mobile wallet + agent-network**, with presence in **5 countries: Guatemala, El Salvador, Honduras, Bolivia, Paraguay** <sup>[1][1], [2][2], [latam-cro]</sup>. Tigo Money revolutionizes **financial inclusion through digital technology** benefiting **millions of customers daily** across Tigo telco territories.

**Tigo Money Bolivia** <sup>[2][2]</sup>: largest network in Bolivia with **3,500+ Tigo Money Points** (cash-in/cash-out + transactions) — distinctive Bolivia coverage. **Latest app version 8.0.17 released January 2025**.

**2025 Visa partnership** <sup>[3][3]</sup>: **Millicom (Tigo) Fintech business Tigo Money + Visa collaboration** to boost financial inclusion across Latin America.

Existing per-country entries in standards-extracted corpus: **tigo-money-bo (Bolivia)**, **tigo-money-hn (Honduras)**, **tigo-money-gt (Guatemala)** — Batches 33-34 of standards extraction.

## History

**2010 — Tigo Money launches** <sup>[1][1]</sup>: Pan-LATAM mobile financial services under Millicom (Tigo).

**2010-2024 — 5-country LATAM expansion** <sup>[1][1]</sup>: GT + SV + HN + BO + PY.

**January 2025 — Bolivia app v8.0.17** <sup>[2][2]</sup>.

**2025 — Visa partnership for LATAM financial inclusion** <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **Tigo Money** — fintech business of **Millicom International Cellular S.A. (Tigo Group)**.

**Parent**: **Millicom (NASDAQ: TIGO)** — Luxembourg-headquartered LATAM telco; **Atlas Investissement (Xavier Niel)** major shareholder (Iliad founder, $5B+ stake mid-2025).

**Regulators**: Per-country — **BCB (Bolivia) + BCP (Paraguay) + BCG (Guatemala) + BCRES (El Salvador) + CNBS (Honduras)**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Tigo Money mobile app (iOS + Android, per-country) + agent network + merchant QR |
| **Identifiers** | Phone |
| **Countries active** | **Guatemala + El Salvador + Honduras + Bolivia + Paraguay (5 countries)** |
| **Per-country apps** | Billetera Tigo Money Bolivia + Billetera Tigo Money Paraguay + per-country branded |
| **Bolivia distinctive** | 3,500+ Tigo Money Points (cash-in/out network) |
| **2025+ network partner** | **Visa** (LATAM financial inclusion collaboration) |

## Use cases

P2P transfers (free in Paraguay); cash-in/cash-out via 3,500+ Bolivia Tigo Money Points; merchant payments + transfers; bill payments + utilities; mobile top-ups + airtime; financial inclusion for LATAM unbanked.

## Implementations & partners

**Operator**: **Tigo Money** (Millicom International Cellular fintech business).

**Parent**: **Millicom (NASDAQ: TIGO)** — Luxembourg-headquartered LATAM telco.

**Major Millicom shareholder**: **Atlas Investissement (Xavier Niel; Iliad founder)** — $5B+ Millicom stake (mid-2025).

**Strategic partner**: **Visa** (2025+ LATAM financial inclusion).

**Major per-country LATAM-mobile-money competitors**:
- **[Mercado Pago](https://docs.barcoder.ai/docs/wallets/mercado-pago)** (LATAM super-app + wallet)
- **[PicPay](https://docs.barcoder.ai/docs/wallets/picpay)** (Brazil mobile wallet)
- **[MODO](https://docs.barcoder.ai/docs/standards/modo)** (Argentina bank-consortium)
- **[Nequi](https://docs.barcoder.ai/docs/standards/nequi)** (Colombia Bancolombia spin-off)
- **[MTN MoMo](https://docs.barcoder.ai/docs/standards/mtn-momo)** + **[Airtel Money](https://docs.barcoder.ai/docs/standards/airtel-money)** (analogous African telco-led mobile money)

## Fun facts

- **2010 launch** by Millicom as LATAM mobile financial services.
- **5-country LATAM presence**: GT + SV + HN + BO + PY.
- **3,500+ Tigo Money Points in Bolivia** — largest country-specific cash-in/out network.
- **Atlas Investissement (Xavier Niel)** is major Millicom shareholder — Iliad founder LATAM-telco strategic play.
- **January 2025 Bolivia app v8.0.17**.
- **2025 Visa partnership** for LATAM financial inclusion.
- **Free P2P transfers** in Paraguay (distinctive consumer-friendly model).

## Comparison

| Feature | Tigo Money | [Mercado Pago](https://docs.barcoder.ai/docs/wallets/mercado-pago) (LATAM super-app rival) | [Nequi](https://docs.barcoder.ai/docs/standards/nequi) (CO bank-spinoff) | [MTN MoMo](https://docs.barcoder.ai/docs/standards/mtn-momo) (Africa analogous telco-led mobile money) | [Airtel Money](https://docs.barcoder.ai/docs/standards/airtel-money) (Africa analogous telco-led) |
|---|---|---|---|---|---|
| Operator | **Tigo Money (Millicom International Cellular fintech)** | Mercado Pago (MercadoLibre) | Nequi (Bancolombia business line) | MTN Group (JSE: MTN) | Airtel Africa (LSE: AAF) |
| Type | **5-LATAM telco-led mobile financial services** | LATAM super-app + wallet | CO bank-spinoff digital wallet → neobank | Multi-African mobile money | Multi-African mobile money |
| Country | GT + SV + HN + BO + PY (5) | 8 LATAM | Colombia | 17 African | 14 African |
| Distinctive | **Bolivia 3,500+ Tigo Money Points + Paraguay free P2P** | LATAM #1 super-app + wallet | 23.5M users + Bancolombia A La Mano | MTN Group telco-led | Airtel Africa telco-led |
| Telco parent | **Millicom (NASDAQ: TIGO; Atlas Investissement/Xavier Niel stake)** | n/a (e-commerce-led MercadoLibre) | Bank-spinoff (no telco) | MTN African telco | Airtel African telco |
| 2025 partnership | **Visa LATAM financial inclusion** | LATAM growth | Bre-B integration | African expansion | African expansion |

## Status

**Active, pan-LATAM mobile-money fintech of Millicom Tigo Group** <sup>[1][1], [3][3]</sup>:
- **Tigo Money** since 2010 across 5 LATAM countries (GT + SV + HN + BO + PY).
- **Bolivia 3,500+ Tigo Money Points + Paraguay free P2P + January 2025 BO app v8.0.17**.
- **2025 Visa LATAM financial-inclusion partnership**.
- **Millicom (NASDAQ: TIGO) parent** with **Atlas Investissement (Xavier Niel)** major shareholder.

## Sources

[1]: https://www.tigomoney.com/ "Tigo Money — official"
[2]: https://www.tigomoney.com/bo/ "Tigo Money Bolivia — official"
[3]: https://millicom.gcs-web.com/news-releases/news-release-details/millicom-tigo-fintech-business-tigo-money-and-visa-collaborate "Millicom + Visa LATAM partnership"
[4]: https://moneyapp.tigo.com.py/ "Tigo Money Paraguay — official"

- [1] [Tigo Money — official][1]
- [2] [Tigo Money Bolivia — official][2]
- [3] [Millicom + Visa LATAM partnership][3]
- [4] [Tigo Money Paraguay — official][4]
- [latam-cro] In-corpus: see GT/SV/HN/BO/PY country reports + standards/tigo-money-bo, tigo-money-hn, tigo-money-gt entries

## Source

Biography extracted from [tigo-money.md](https://docs.barcoder.ai/source/wallets/tigo-money). See `matrix.md` for standards-support matrix if present.