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In November, consumer consumption grew with credit and debit cards



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Operations with credit cards i dbito grow up 14 percent year-on-year in November Finally, driven by the mobile telephony, the Areos passages and the services. According to a report prepared by the Association of Credit Cards and Purchases (Atacyc), billing in pesos grows around 40 percent year-on-year in the same period.

According to the work, the 47.9 percent of service payments During November it was done with a dbito card; in as much, one 43.9 percent of the Areos passages acquired this month also made specific with this means of payment. With credit cards, cellular telephony is the leader in the level of operations, with a 34.6 percent increase in transactions and 56.2 percent, always in the year-on-year comparison.

In contrast, during the previous month of the year, fewer sales were made with credit and debit cards in household goods, furniture and clothing and footwear, Atacyc said. It should be noted that in November, the use of Electronic money was a record with 31.4 per cent of the total number of visitors in the private sector.

This way, it has 23 historic brands in two years. The report that accompanies the measurement of UDE Link maintained that, in line with the new restrictive monetary policy, in November the demand for money again fell. "But the use of electronic money by the set of entities of Red Link reached a record of 31.4 percent of the total bank deposits seen in the financial system," said the # 39; written

As, I went up five percentage points compared to a year earlier, when ascending to 251,829,000 pesos. It is important to note that the total number of transactions of all electronic payment channels increased to the last month of 2018 26.7 per cent year-on-year, that is, almost 365 million pesos.

On the part of individuals and legal entities, with an average of just over 690 pesos per operation, I went up slightly more than 12 percent in just one year. With respect to the use of electronic money, it was found that users subscribe to the services of electricity, water and gas along with national taxes, telephony and credit cards.

The truth is that the most dynamic growth was observed in the banking segment. Companies that doubled 20 months to 256,463 transactions, while in the range of physical persons, the increase was more moderate, from 22.1 per cent. As indicated by the Argentine Institute for Social Development (IDESA), a "clash" of bankruptcy through the massive use of electronic money could be a fundamental factor in achieving the reduction of levels of corruption and lower tax evasion.

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