Such a growth rate demonstrates the rapid maturation of the acceptance of technologies to carry out operations that are usually carried out with cash, such as daily purchases and payment of public and private services, a process that accelerated with the use of applications on cell phones, which allowed its use to be expanded not only in personal communication, but also as a substitute for the classic wallet or purse.
This phenomenon was clearly observed in December 2021, when the total number of transactions reached the record of the series with $1.84 trillion: it increased 22.9% in the month and 99.4% compared to the end of the previous year.
A strong increase in total users was also noted, which registered a jump of 3.5 million to 47.7 million in December, 17.8% more than a year earlier – more than 16 times higher than the rate of growth of the economically active population- while the total of transactions also intensified, to 19.6% in the month and 18.4%, to the point of closing 2021 with a maximum mark of just over 754 million.
“In December, the increase in electronic wallets stood out in this performance, with 6.66 million users and 263.3 million transactions, which registered increases of 15.5% and 29.5% in the month, respectively. ; and 183.9% and 227.3% compared to a year earlier, in each case”detailed the Red Link report.
When broken down by type of operations, immediate money transfers between bank accounts amounted to more than 42.3 million transactions, with a jump of 6.5 million in the month, equivalent to 18.1% compared to November, and 79 .6% in the last 12 months, while the use of WEB electronic channels contracted: 3.4% in the month and 40.6% in one year in the amounts operated, as the number of users fell to 2, 94 million.
“The proportion of just over two users of the system for each one of the economically active population, is explained by the use of a client of several devices to carry out their transactions, both those that require the movement of money – withdrawals, transfers, Debin , transport charges and purchases with pos and digital wallets – as well as non-monetary – checking balances, promotions, requesting or accepting loans, requesting additional cards; among the most common”, I detail the report.
Source: Ambito
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