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The use of digital platforms for financial transfers continues to strengthen in El Salvador, especially during periods of high economic activity such as Holy Week. This was reported by the Banco Central de Reserva de El Salvador (BCR), which highlighted the remarkable growth in the use of the Transfer365 system.
According to official data, more than 1.64 million transactions were carried out during the recent holiday period, reaching a total amount exceeding US$849 million. These figures reflect not only a significant increase in transaction volume but also greater public confidence in digital financial services.
The Transfer365 system allows for immediate interbank transfers, 24 hours a day, 7 days a week, making it easier for salvadorans to send and receive money without time restrictions. This feature is especially useful during holidays, when people’s mobility and commercial activity increase.
The Banco Central de Reserva de El Salvador (BCR), highlighted that these results demonstrate a transformation in the population’s financial habits, with a growing preference for digital solutions over cash. This shift contributes to the modernization of the national financial system, promoting greater efficiency, security, and traceability in transactions.
Furthermore, the growth in Transfer365 usage is linked to efforts to strengthen financial inclusion in the country, enabling more people to access banking services quickly and easily, even from mobile devices.
Finally, the authorities reiterated their gratitude to users for their trust in the system, emphasizing that these advances are key to continuing to drive the digitalization of the salvadoran economy and improve the user experience in managing their finances.
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