Monday , September 27 2021

In November, consumer debit and credit cards grew



Operations credit cards and dbito they grew up Increased by 14% in November The latest in mobile phone, airline tickets and services. Designed according to the report Credit Association Association and Acquisition (Atacyc), the peso invoice for that period grew by 40 percent per year.

According to the work, 47.9% of service payments In November he was debit card; In addition, a 43.9 per cent of the country's airways and the purchased payment this month was made free of charge. Mobile telephony operates with a credit card, an annual comparison of these transactions by 34.6 percent and 56.2 percent.

On the other hand, according to Atacyc, last month's sales were low in sales of home appliances, furniture, clothes and footwear, debit and credit cards. It should be noted that the use in November there was an electronic money 31.4% of the total amount of deposits at the expense of the private sector.

Thus, in two years, I broke 23 historical traits. The report, accompanied by the UDE Link measurement, led to a rebound in demand in November, taking into account the new limited monetary policy. "However, the use of electronic money of legal entities Red Link amounted to 31.4% of all bank deposits in the financial system," the letter said.

I rose by 5 percentage points a year earlier and raised 251,829 million pesos. Total transactions of all electronic payment channels in comparison with the last month of 2018 increased by 26.7%, ie about 365 mln. Pseudo grew.

When there were more than 690 pesos on average for individuals and legal entities, I did not downgrade 12% a year. Speaking of the use of electronic money, consumers pay national, tax, telephone and credit cards with electricity, water and gas.

In fact, in the segment of banking companies, which has doubled in 20 months to 256,463 transactions, and the growth of individuals – by 22.1%. According to the Argentine Institute for Social Development (IDESA), using the electronic money arrays can be a fundamental factor in reducing corruption and lowering tax evasion.


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