🔥 The Central Bank of Ecuador🇪🇨 has released statistics on online payments for the period from 2021 to 2023.

🔥 The Central Bank of Ecuador🇪🇨 has released statistics on online payments for the period from 2021 to 2023.

The number of electronic payments in this small Latin American region tripled in two years... and our team has also been involved in the process to some extent.

🔣 To stimulate the growth of the digital ecosystem in 2021, the Central Bank made the wise decision to eliminate the commission for receiving interbank transfers ($0.22 USD). This measure has allowed citizens to save $105 million USD from 2021 to date.

🔣 Last year, electronic transfers became the primary method of electronic payments.

🔣 Through the interbank payments system #SPI managed by the Central Bank and private payment providers that make real-time transfers, 228 million interbank transfers were processed, totaling 191.205 million USD, which is 1.6 times Ecuador's GDP.

🔣 The number of real-time interbank transfers increased tenfold compared to 2019, going from 9.7 million transactions to 99.9 million in 2023.

🔣 By December 2023, there were 201 million credit card transactions totaling 14.713 billion USD. As for debit cards, the number of transactions increased by 58%, and the total amount by 44%.

You can see the graphs that illustrate all this at the link.

#Ecuador #news