There he notices a 23.2% growth in debit card transactions with respect to the first quarter of 2021. While the operations with credit card showed a rise of 1.5% compared to the same period last year. While the use of prepaid plastics fell 63.2%.
“In the first quarter of 2022, the year-on-year growth in the number of credit and debit card transactions that was glimpsed in the last quarter of 2021 continues”, commented Julian Ballarino, Head of Institutional Relations at Prisma Means of Payment.
However, if debit transactions are compared with the fourth quarter of 2021, the result shows a drop of 2.1%, which deepens in the credit segment by reaching 8.41%, with which it is glimpsed a slowdown. As for the prepaid, the reduction was 36.33%.
Regarding the volume of consumption, debit card purchases remain at 52.86% during the four-month period that ended in March and exceed what was registered in the fourth quarter of 2021 by more than two percentage points: 50, 82%. Likewise, it shows a growth of more than six points compared to a year ago, when it stood at 46.7% of the total.
In turn, ATM withdrawals fell from 49.85% to 43.60% between the first quarter of 2021 and 2022.
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“Debit card purchases remain above 50% of the general volume of that type of cards”, Julian Ballarino expanded.
In addition, Ballarino commented that “there is a slight year-on-year growth of the Now 3 and Now 6 plans.” The former grew from 16.25% to 19.7% year-on-year, while the latter jumped from 17.59% to 25.54%. Both showed increases compared to the end of 2021. The rest of the plans (Now 12, 18, 24 and 30) reflected falls compared to the last quarter of 2021.
Finally, he commented that “the items that grew the most year-on-year in transactions with credit, debit and prepaid cards were Travel, Tourism and Airlines with 48% and Restaurants with 35%”. In addition, clothing registered a year-on-year growth of 17.25% but fell notably 23.32% compared to the end of last year.
Source: Ambito
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