BIN 542116
BANCO ITAU PARAGUAY, S.A. • PARAGUAY • MASTERCARD
About BIN 542116
BIN 542116 is a MASTERCARD debit card operating on the STANDARD payment network, issued by BANCO ITAU PARAGUAY, S.A. in PARAGUAY (PY). The default settlement currency for this card is Unknown. This is not a prepaid card — it is linked to a standard bank account or credit facility. Card numbers beginning with this BIN pass the Luhn algorithm validation, confirming they are structurally valid card numbers.
Frequently Asked Questions
What is BIN 542116?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 542116 identifies BANCO ITAU PARAGUAY, S.A. as the issuing institution for cards carrying this prefix. These digits tell payment processors which bank issued the card before the full transaction is initiated.
Which bank issued BIN 542116?
BIN 542116 was issued by BANCO ITAU PARAGUAY, S.A., a financial institution operating in PARAGUAY. Their official website is http://www.itau.com.py.
In which country is BIN 542116 registered?
BIN 542116 is registered in PARAGUAY (country code: PY). The issuing bank, BANCO ITAU PARAGUAY, S.A., holds the licence to issue cards under this BIN range in PARAGUAY. Transactions on these cards typically involve PARAGUAY-based banking and settlement infrastructure.
Is BIN 542116 a credit, debit, or prepaid card?
BIN 542116 belongs to the debit card category. This is not a prepaid card, so it is linked to a standard bank account or approved credit facility.
What payment network does BIN 542116 use?
BIN 542116 operates on the MASTERCARD payment network using the STANDARD card scheme. This means all transactions made with cards carrying this BIN are routed and processed through MASTERCARD's global payment infrastructure.
What currency is associated with BIN 542116?
The primary currency associated with BIN 542116 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in PARAGUAY. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 542116 pass the Luhn check?
Yes — card numbers beginning with BIN 542116 pass the Luhn algorithm. The Luhn algorithm is a standard checksum formula used by payment systems to detect miskeyed or structurally invalid card numbers. A passing result confirms the number range is mathematically valid.
