Post by salmasalma on Feb 26, 2024 20:34:34 GMT -10
Digital payment methods continue to gain ground, as can be seen from the latest Retail Payments Report prepared by the Central Bank (BCRA), which highlights that payments initiated with interoperable QRs grew by 283.9% year-on-year in December.
The report also highlighted that money transfers (“push” immediate transfers) remained at the highest level so far this year in November. 422 million transactions were recorded for $19.4 trillion, which implies year-on-year increases of 117.8% and 24.1% in quantities and amounts, respectively. 67.2% had a CVU as their origin and/or destination, reaching 283.6 million operations.
Meanwhile, when analyzing the payments with Namibia WhatsApp Number transfer (PCT), The work highlighted that 42.4 million operations were carried out (37.1% yoy) for a total of $ 429.8 billion (-20.6% yoy) .
Among those started with QR, 67.9% started with interoperable QRs, representing almost 28.8 million payments (283.9% year-on-year) for $225.6 billion (220.5% year-on-year).
Were made by clients who used their demand accounts and 18.6% their payment accounts. Likewise, 60.9% of businesses paid into demand accounts and 39.1% into payment accounts.
Meanwhile, he 13.6% of interoperable PCTs were carried out by reading debit card credentials at a point of sale (POS) terminal, reaching 5.8 million operations (-58.6% yoy) and $124 .4 billion (-55.3% yoy).
For its part, intra PSPCP operations (payment service provider that offers payment accounts) reached 293.56 million payments for $1.9 trillion, with a year-on-year growth of 119.4% in quantities and 92.9% in amounts.
Meanwhile, the report highlighted that in November the use of debit cards doubled that of credit cards.
52.3 million debit card transactions were made for $2.1 trillion, which represented a year-on-year variation of 43.6% in quantities and 21.4% in amounts .
Million payments were made on credit cards for $2.4 trillion, which represents a variation of 14.4% in amounts and 9.7% in amounts.
The report also highlighted that money transfers (“push” immediate transfers) remained at the highest level so far this year in November. 422 million transactions were recorded for $19.4 trillion, which implies year-on-year increases of 117.8% and 24.1% in quantities and amounts, respectively. 67.2% had a CVU as their origin and/or destination, reaching 283.6 million operations.
Meanwhile, when analyzing the payments with Namibia WhatsApp Number transfer (PCT), The work highlighted that 42.4 million operations were carried out (37.1% yoy) for a total of $ 429.8 billion (-20.6% yoy) .
Among those started with QR, 67.9% started with interoperable QRs, representing almost 28.8 million payments (283.9% year-on-year) for $225.6 billion (220.5% year-on-year).
Were made by clients who used their demand accounts and 18.6% their payment accounts. Likewise, 60.9% of businesses paid into demand accounts and 39.1% into payment accounts.
Meanwhile, he 13.6% of interoperable PCTs were carried out by reading debit card credentials at a point of sale (POS) terminal, reaching 5.8 million operations (-58.6% yoy) and $124 .4 billion (-55.3% yoy).
For its part, intra PSPCP operations (payment service provider that offers payment accounts) reached 293.56 million payments for $1.9 trillion, with a year-on-year growth of 119.4% in quantities and 92.9% in amounts.
Meanwhile, the report highlighted that in November the use of debit cards doubled that of credit cards.
52.3 million debit card transactions were made for $2.1 trillion, which represented a year-on-year variation of 43.6% in quantities and 21.4% in amounts .
Million payments were made on credit cards for $2.4 trillion, which represents a variation of 14.4% in amounts and 9.7% in amounts.