Suiche 7B launches NFC mobile payment system for Venezuelan point-of-sale terminals

The interbank network Suiche 7B has launched Venezuela’s first mobile payment mechanism processed directly at points of sale using Near Field Communication (NFC) technology. This system utilizes the C2P (commerce-to-person) modality, where the merchant's terminal initiates the charge and the user authorizes the encrypted transaction via their mobile banking application.

The technology aims to streamline the checkout process by eliminating the need for customers to manually enter tax IDs (RIF), phone numbers, bank details, or transaction amounts. According to official communications, the transaction can be completed in less than three seconds, with merchants receiving funds instantly without waiting for settlement periods.

This rollout represents the second phase of Suiche 7B’s NFC deployment, following an initial phase in September 2025 focused on peer-to-peer transfers. The service is currently operational for clients of Bancaribe, Banco Digital de los Trabajadores (BDT), and Banco Nacional de Crédito (BNC). Merchants can integrate this payment method through Inversiones Master and VAT-C terminals.