What Suiche 7B does

Corporación Suiche 7B, C.A., founded in 1987 and headquartered in Caracas, Venezuela, operates Venezuela's first and largest interbank network, providing the switching infrastructure that connects 21 domestic banks across more than 4,000 ATMs and processes over 270 million mobile payment transactions per month. The company runs a proprietary transactional switching platform (Switch Transaccional, redeployed in 2024) that validates and routes transactions between member institutions in real time, supporting ATM cash withdrawals and interbank mobile payments under the Pago Móvil Interbancario umbrella. Its product stack includes three payment modalities — P2P, P2C, and C2P — delivered via traditional phone-number/ID-based flows, the QR S7B QR-code standard (adopted by over 90% of Venezuelan banks), and the NFC S7B contactless standard (deployed in 11 banks and reaching 44% of financial institutions within a year of launch).

Suiche 7B is privately held under a cooperative-ownership model in which member banks are both shareholders and clients, governed by a Junta Directiva and shareholder assemblies. The company is led by Presidenta Ejecutiva Madelein Suárez and Board President Virginia Aguerrevere. Revenue is generated on a transaction-fee basis from member financial institutions for processing interbank transactions and mobile payments; pricing terms are not publicly disclosed. The firm is ISO 9001:2015 certified for interbank mobile payment and ATM administration services, is a member of ATEFI since 1996 (with its CEO holding the presidency), and was recognized by CIOReview Latam as the Top Digital Payment Solution in Latin America in 2026 for NFC S7B.

Name

Suiche 7B

Legal name

Corporación SUICHE 7B, C.A.

Website

https://suiche7b.com.ve

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

51–100 employees

Short description

Corporación Suiche 7B operates Venezuela's primary interbank network, connecting 21 banks across 4,000+ ATMs and processing over 270 million monthly mobile payment transactions via QR S7B, NFC S7B, and Pago Móvil Interbancario rails.

Ownership category

akta.pro rank

Product category

Payment Network Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

A2A Reconciliation, Reporting & Treasury Ops (FSAMAFAJ)

akta.pro secondary industries

ATM Switching, Routing & Network Services (FSAMAOAD), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

Keywords

• Interbank switching
• Mobile payments
• Payment processing infrastructure
• ATM networks
• QR code payments

Headquarters

HQ city

Caracas

HQ country

Venezuela

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations

Revenue model

1. Interconnection and Transaction Processing Fees: Suiche 7B charges financial institutions for processing transactions through its interbank network. As the sole operator of Venezuela's primary interbank network, fees are likely assessed per transaction (ATM, mobile payment) processed between member banks. The company functions as a fee-based infrastructure intermediary.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Corporación Suiche 7B operates Venezuela's first and largest interbank network, providing the technological infrastructure that enables banks to communicate and process transactions (ATM withdrawals, mobile payments) in real time. Its core offering is the Interconexión Bancaria switching network connecting 21 member banks across 4,000+ ATMs, complemented by Pago Móvil Interbancario mobile payment solutions supporting P2P, P2C, and C2P transactions via QR codes, NFC, and traditional account-to-account transfers. The platform processes over 3.4 billion transactions and more than 71.8 billion USD in transaction value annually.

Product overview

Suiche 7B operates as Venezuela's first and largest interbank network, providing a platform-plus-infrastructure architecture centered on banking interconnection and mobile payment solutions. The core offering is the Interconexión Bancaria network, which connects 21 banks across 4,000+ ATMs, acting as the technological bridge that validates and routes transactions between financial institutions. Built on this infrastructure are the Pago Móvil Interbancario solutions, including QR S7B (QR code-based payments), NFC S7B (NFC contactless payments), and traditional mobile payment options. The ecosystem supports P2P, P2C, and C2P transaction types, processing over 270 million mobile payment transactions monthly. All operations run through the proprietary Switch Transaccional platform deployed in 2024, representing a modern technology foundation for continued innovation.

Differentiator

Problem solved

Functional benefit

Products and services

• Interconexión Bancaria (Banking Interconnection) Core interbank network infrastructure that enables banks across Venezuela to communicate with each other, processing transactions including mobile payments and ATM cash withdrawals securely, efficiently, and in real time. Suiche 7B acts as the technological bridge between institutions, validating data and ensuring each operation reaches its destination across more than 4,000 ATMs nationwide.
• Pago Móvil Interbancario (Interbank Mobile Payment) Comprehensive suite of mobile payment solutions enabling instant money transfers between different banks using just the recipient's phone number, ID number (cédula/RIF), and bank. Includes P2P (person-to-person), P2C (person-to-commerce), and C2P (commerce-to-person) transaction modes, available 24/7 year-round. Processes over 270 million transactions monthly.
• QR S7B Interbank QR code payment standard that allows users to generate and scan QR codes to execute mobile payments. Enables P2P and P2C transactions with a two-step process: open the bank app and scan the QR code. The standard is operational across more than 90% of Venezuelan banking entities, enabling a unified QR code reading and generation scheme.
• NFC S7B (Pago Móvil NFC) NFC-based mobile payment solution that enables contactless interbank payments by tapping two mobile devices together. Uses Near Field Communication technology to transmit payment information, enabling account-to-account (A2A) interbank transactions directly between bank accounts over Suiche 7B's interbank network without requiring tokenized Visa or Mastercard cards. Adopted by 44% of Venezuelan financial institutions in less than one year.
• Switch Transaccional (Transactional Switch) State-of-the-art transactional switching platform and technology infrastructure enabling new technological interconnection services. Supports the processing of millions of daily transactions across the interbank network, with peak rates exceeding 8,300 payments per minute. Built with globally-caliber equipment to improve interbank interconnection processes and offer significant value to member financial institutions.

Quantifiable outcome

• Processed over 3.4 billion transactions (April 2025–April 2026), a 58.5% year-over-year increase
• +8 more outcomes

Named customers21 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

One partnership is on record.

• ATEFI (Asociación de Redes Latinoamericanas de Medios de Pago)coreStrategic or Co-development Partner · 1 May 1996Suiche 7B has been a member of ATEFI since May 1996. The association promotes the exchange, development, and competitiveness of electronic fund transfer and information services in Latin America's financial sector. Suiche 7B's President Madelein Suárez serves as the head of ATEFI. Suiche 7B participates in ATEFI assemblies, regional summits (ESIS), and promotes interoperability standards across Latin America.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Visa Direct: Visa Direct is the card-network global push-payment / A2A platform — comparable to Suiche 7B's NFC and Pago Móvil A2A rails as a competing real-time payment network targeting similar cross-bank use cases.
• PIX (Banco Central do Brasil): PIX is the Brazilian central-bank instant payment system that bypasses traditional card networks — a comparable real-time A2A national payment scheme that competes conceptually with Suiche 7B's NFC/QR domestic-routing strategy.

Emerging players

• Interswitch (Nigeria): Interswitch is Africa's leading payments switching and electronic billing processor, operating Verve and Quickteller — comparable to Suiche 7B as a national/regional interbank switch in an emerging market with similar customer and regulatory profile.

Direct peers

• CONEXUS (Red Hermes): CONEXUS is the interbank switching network for Central America (and historically Venezuela alliance partner), directly comparable to Suiche 7B as a regional interbank processor and the only peer specifically named in Suiche 7B's history (2000 integration agreement).
• Redeban (Colombia): Redeban is Colombia's primary interbank switching network operating the ATH brand, processing ATM and mobile payment transactions between Colombian financial institutions — directly analogous to Suiche 7B's role in Venezuela.
• SIBS (Portugal): SIBS is the Portuguese interbank services company that operates Multibanco ATMs and MB WAY mobile payments — directly analogous as a national interbank switch with proprietary mobile payment ecosystem reaching >90% of banks.
• Banelco / Link (Argentina): Banelco/Link operates Argentina's interbank ATM switching network, with shared rails across nearly all Argentine banks — a structurally identical regional interbank switching peer to Suiche 7B.
• PROSA: PROSA is Mexico's dominant interbank transaction processor, handling ATM switching and electronic payments among Mexican banks — the closest large-scale LATAM analog to Suiche 7B's switching platform.
• BANRED (Ecuador): BANRED is Ecuador's interbank ATM and payments network, providing shared switching services across Ecuadorian banks — a near-perfect structural peer to Suiche 7B at smaller scale, and a partner surfaced via ESIS summits.

Others

• FedNow (US Federal Reserve): FedNow is the Federal Reserve's instant payment infrastructure serving US depository institutions — comparable as a centralized real-time A2A payment rail that influences how regulators (and Suiche 7B's SUDEBAN) may evolve interbank switching requirements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/imcp_ccs/?hl=es
• Xx.com/suiche7b
• Facebookfacebook.com/Suiche7B
• LinkedInlinkedin.com/company/suiche7b

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Suiche 7B