As explained by Jorge Colombatti, Red Link’s commercial manager, “this movement was again driven by the acceptance and diffusion of the applications associated with electronic wallets, which rose to the record of just over 4.5 million customers: it rose 11 % in the month and almost multiplied by three the amount registered a year before. In addition, in the last month, the possibility of requesting and accessing a bank loan through electronic wallets was highlighted, a functionality that exceeded the transaction in all channels except ATM, and in this case the average amount requested was located above of $ 150,000, also higher than that observed in the rest of the channels ”.
The number of transactions in all electronic channels fell 7.2% in August compared to July – just over 647 million transactions were registered at an average rate of 15 per user.
The report explained that “it was a seasonal phenomenon, since this behavior was observed in 4 of the 5 years of the series.” On the contrary, the inter-annual comparison confirmed the expansionary path with a rate of 14.8%, which brought the accumulated growth of the first 8 months to 22.6% compared to the same period of the previous year.
The total number of money users through non-contact channels added more than 220,000 bank clients, to the record of 43.3 million, it rose 0.5% compared to July and 14.2% in one year; while total transactions, on the other hand, contracted 7.2% in the month, to 647,581 million, but grew 14.8% in one year.
August closed with 1.26% more cards in use than in July, maintaining a growth trend for the sixth consecutive month. There was also a 5.5% increase in withdrawals at ATMs without the use of cards, to 1.1 million transactions.
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