In this case, the indicator showed rises of 15.7% compared to the previous month, and 42.1% compared to the same month of the previous year.
Seasonally, February is characterized by a general decrease in nominal activity indicators as it is the month with the fewest number of days, in addition to sharing with January changes in family consumption habits due to the school break and summer vacations.
To correct this phenomenon, economists use methods that allow these deviations to be significantly eliminated, such as the development of deseasonalization indices, which are added to those that eliminate the effect of inflation in order to determine the real or effective variations.
In recent months, it has been highlighted notable growth of bank loans requested and channeled directly through the electronic means enabled by the entities: they grew exponentially from January to February 79% in transactions and 27% in amounts, and with respect to a year earlier they rose 47% in quantity and 73% in nominal values, in this case equivalent to an increase in real terms of 13.6 %.
It is associated with more intensive use of wallets, the number of transactions increased 352% compared to the total for February 2021, and 740.2% in the total amount of money mobilized by this option by the group of 7.16 million registered users in the analyzed month -new maximum mark-.
Also the Extraction orders grew at a remarkable rate in February: 25% compared to the previous month, with just over 1.6 million, and in amounts 18.7%. While in relation to a year before, they registered increases of 128.8% and 154.5% in number of operations and amounts, respectively.
RedLink Dinámica use of electronic money.jpg
Compared to February 2021 The amounts used for electronic money in purchases through POS also increased, 20.9%; transfers between own bank accounts and those of third parties, 27.9%; among other; as well as various current operations, such as the payment of taxes; cell phone and transportation card recharges, among others.
At the end of the first two months, the UDE increased 11% in real terms, a rate higher than that experienced by economic activity in general; even more so in the case of total transactions, which accumulated growth of 35.7 percent.
Source: Ambito
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