Transfer payments soared 52.2% year-on-year in August

Transfer payments soared 52.2% year-on-year in August

In the same way, PCTs carried out within the same scheme (not interoperable) They also show a high dynamism: in July (latest data available) reached 106.5 million payments for $280.6 billionwith year-on-year growth of 194.6% in quantities and 160.4% in amounts.

Other relevant information that emerges from this new BCRA publication is that in 52.3% of immediate transfer operations, a Uniform Virtual Key (CVU) participated as origin and/or recipient. During August, 145.6 million immediate transfers were made for $3.5 trillion, implying year-on-year growth of 105.6% and 29.7%, in amounts and amounts, respectively.

More data from the Report:

– Checks: 56.1% of the amounts compensated corresponded to ECHEQ. 5.5 million checks (physical and electronic) were cleared for a total of $1.9 billion. ECHEQ’s share of the total cleared amounted to 30.9% in amounts (1.7 million electronic checks) and 56.1% in amount ($1,121 billion).

– Debit card operations practically double those of credit.

• Debit card transactions reached 183.6 million for COP 623 billion, representing growth of 21.7% yoy in amounts and 12.3% yoy in amounts.

• In operations with credit, positive year-on-year variations of 2.3% in amounts and 8.6% in amounts were observed, making 92.6 million payments for $633.9 billion.

– Prepaid transport cards: 349.8 million trips were made (52.8% yoy), using the SUBE card, totaling $5.8 billion (-1.3% yoy).

– MiPyME electronic invoice (FCEM): In the month of August, 88.5% of the operations were carried out in pesos, entering the open circulation system (SCA) 100.7 thousand invoices for $174.9 billion.

Source: Ambito

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