For the company, the monthly and interannual increase was “much higher than expected, due to the combination of the rise in the general average of prices in the economy and the reactivation of the productive and commercial activity of goods and services”.
In this sense, Red Link indicated that the UDE “maintains a singularly expansive trend in Argentina, with new maximum marks in the various applications, such as in the type of monetary and non-monetary transactions, those related to balance inquiries, credit applications and extraction authorizations, mainly”. Likewise, he explained that “such dynamism” was based on “the sustained growth and maximum marks” in various applications.
In this regard, he indicated that in June the number of users in transactions with automated teller machines (ATM) reached 15.8 million, the extraction through the same 14.2 million, transfers amounted to 10.4 million; those of wallets to 10.2 million and those made through POS (capture terminals) to more than 9.6 million.
There were also 2.9 million payments for taxes and public services, 1.3 million cell phone recharges and 267,000 passenger public transport recharges.
On the other hand, peaks were recorded in the number of operations with electronic wallets, with 399.5 million, of which the monetary amounted to 42.4 million, POS (72.2 million), transfers (48.9 million), Debin (36.2 million), WEB channel (31.7 million), mobile phone recharge ( 3.4 million), extraction orders (2.8 million) and transport recharge (505 thousand).
To that impulse, he added the Red Link joined in June “the positive impact that Father’s Day sales had, in line with the reactivation of the economy, after a deep depression at the worst moment of the health crisis between mid-2020 and early 2021, from the incorporation of users and of the greater familiarity acquired by those who had joined previously”.
The Red Link predicted that “the solidity that the use of electronic money has achieved, such as the number of non-monetary transactions through non-face-to-face channels” will continue to rise “from the impulse that the Central Bank began to give it, because has proven to be more efficient.
Source: Ambito
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