Corporate accounts recorded an increase of 38% in five years, reaching a total of more than 4.5 million accounts. Meanwhile the transfers exceeded billion pesos.
The digitalization of corporate finance In Argentina continue to advance. Companies grow in banking and digitalization of corporate finances, reflecting how companies continue to improve the technologies used to optimize their financial processes. In that context, a report revealed a growth in banking and record in transfers.
Companies: Increase in banking and transfers
One of the main findings of the report is the strong increase in banking in the corporate sector, with an increase in 38% In the amount of corporate bank accounts, reaching a total of more than 4.5 million accounts in the last five years.
This led to companies to maintain an average higher than 8 Bank accounts by entity. This banking growth is accompanied by a substantial increase in transfers, which exceeded the 1.3 billion pesoswhich represents an increase in 216% in the total amount transferred with respect to the previous year, according to the Interbanking index.
Business Evolution – Index IB.JPG
Companies: trade growth and challenges in other sectors
The analysis also reveals important sectoral variations. While sectors such as real estate services (+10%) and Wholesale and Retail Trade (+5%) continue expanding, the sectors of construction (-63%) e manufacturing industry (-46%) experienced significant falls in the number of companies. In addition, sectors such as association services and Personal services They also saw a remarkable decrease, with a decrease in 44% in the number of registered companies.
On the other hand, in terms of transferred amountsthe most dynamic sectors were Information and Communications Serviceswith an increase in 304%and Electricity and Gas Supplywith a 300% Growth. In contrast, other sectors, such as manufacturing industry (+192%) and Transport and storage services (+184%), experienced an increase lower than the national average.
How this trend is observed in the provinces
The report also highlights strong growth in provinces such as Neuquén and Cordovathat they saw an increase in 267% in the amounts transferred, standing above the national average. The Autonomous City of Buenos Aires (CABA) continues to lead the total volume of transfers, concentrating the 65% of the total amount. On the other hand, the NOA (Argentine Northwest) remains one of the regions with the highest growth in the number of CUITS assets, with an increase in 5.1%passing from 28,245 cuits in 2023 to 29,676 cuits in 2024.
Interbanking foresees that, by 2025, the Integrated Payment Solutions and the Globalization of payments They become key tendencies, facilitating faster, safe and efficient solutions, fully integrated into their daily processes.
Map – Index IB.JPG
Source: Ambito
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