Measured by transactions, the use of Now 3 grew 22.30% between October and December last compared to the same quarter of 2020, and in the case of Now 6 the increase was 62.56% year-on-year. If the composition by volume is taken, the modality in three payments went from representing 16.50% to 19.91% in one year; and that of six payments, grew from 15.76% to 25.37%.
For their part, the Now 24 and Now 30 modalities, in force since September last year, reached shares of 2.03% and 0.25%, respectively. As long as there was a decrease in the plans of 12 installments, from 48.33% to 38.33%; and from 18 from 19.41% to 13.62% in the last year.
Also measured by volume, the use of Now 12 in all its modalities (3, 6, 12, 18, 24 and 30 installments) increased from a 25.03% share in total credit card consumption in the third quarter 2021, at 26.25% in the room. So he said it Prism Index Means of payment, that the information of the National Institute of Statistics and Census (INDEC), the Central Bank (BCRA), the means of payment, digital wallets, the collection terminals, ATMs, the electronic payment and services, and transactions through commercial platforms.
The report also highlighted that in the third quarter of the year there was a growth in the use and number of credit cards, of 15.37% and 6.80% year-on-year, respectively.
“In the last quarter of 2021, growth is glimporated with respect to the previous year in the amount of transactions with credit and debit cards,” said the institutional relations director of prism means, Julián Ballarino. He also pointed out that “debit card purchases already exceed 50% of the overall volume,” and stated that “the participation of the” now “plans are kept stable.”
According to this indicator, In the fourth quarter, consumption with debit card represented 45.98% of the volume of use of it, a figure that resulted in 3 percentage points greater than 42.28% that meant in the same period of 2020, and also registered a year-on-year growth of 34.43% in the amount of transactions.
Source: Ambito
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