Monthly Retail Payments Report, July 2023

Summary:

The Informe Mensual de Pagos Minoristas for July 2023 reports a 106% increase in immediate money transfers, with 287.6 million transactions worth $9.1 billion. Payments with transfer (PCT) increased by 105.8% in quantity and 27% in amount, with 13 million operations via QR interoperable. Intra PSPCP payments saw a 122% increase in quantity and 72.9% in amount, with 127.3 million transactions worth $593 billion.

Key highlights include:

Use of QR interoperable for 40.5% of payments
14.9% of PCT interoperables used token initiation
64.1% of transactions had CVU as origin or destination
32.5% of payments initiated via point-of-sale (POS) with debit card credentials
12.1% of PCT interoperables initiated via web
30.9 million debit operations via immediate debit (DEBIN)
11.7 million debit operations via direct debit
5 million cheques compensated, with ECHEQ accounting for 64.5% of total
* 98.4 million ATM extractions

Overall, the report highlights the growth of immediate money transfers, QR interoperable, and debit transactions, as well as the usage of ECHEQ and tarjetas.