In total, the use of electronic money in Link exceeded $2 billion in May 2022, a nominal increase of 6.7% in May and 91.7% in the last twelve months, significantly above the inflation of those periods.
Duplicates the web operation
“May closed with almost 2 users of electronic wallets for each one who used the WEBand consolidated a relationship of just over 1.2 times in the number of total and also monetary transactions that added an unprecedented amount of $0.3 trillion ($297,654 million),” said the Link report, which detailed that the amount of operations made with electronic wallets grew 7.3 times in the last year.
The boost in the use of electronic money was underpinned by the growth of non-face-to-face transactions, which totaled 127.9 million operations, the second highest mark in the series and very close to the peak recorded in December 2021 with 129.1 million .
It also posted a record high of 361.2 million total transactions, up 155.4% from a year ago.
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“Compared to May 2021, the sustained growth of transactions through POS purchases was also highlighted, with a jump of 31.4%, to a new maximum mark of 68.6 million operations,” the report said.
Most performed transactions
Among the most performed operations were the cell phone recharge (+186% yoy) with a record of just over 3 million and 1.2 million users; as well as the transport recharge, which multiplied by 4.1 in transactions and 3.6 in customers.
In the accumulated of the first five months of 2022, the rate of use of electronic money grew 14.4% in real terms compared to the same period of the previous year, “a much higher rate than that experienced by economic activity in general”, the report noted.
Source: Ambito
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