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The Transfer365 system, powered by the Banco Central de Reserva (BCR), celebrates five years of operation, solidifying its position as one of the most widely used financial tools by salvadorans for making free, secure, and immediate money transfers between different banks.
According to data shared by the BCR, during this period the platform has reached a cumulative transaction volume of over US$160 billion and has processed more than 149 million transactions, reflecting the growing use of digital financial services in the country.
Transfer365 was created to facilitate the movement of money between banks at no cost to users and with constant availability. Thanks to this system, people can send and receive funds quickly, eliminating barriers that previously hindered transfers between different financial institutions.
According to the Banco Central de Reserva , the service is currently used and preferred by 95% of salvadorans, a figure that demonstrates user confidence and the platform’s widespread adoption in the daily lives of individuals, businesses, and shops.
Authorities emphasize that this tool has contributed to strengthening financial inclusion, allowing more citizens to access agile and efficient banking services. It has also promoted the digitization of financial operations and reduced the need for in-person procedures to transfer money.
During its fifth anniversary celebration, the Banco Central de Reserva (BCR), expressed its gratitude for the trust placed in it by users and highlighted that the ability to move money from bank to bank instantly, free of charge, and securely has become a reality that benefits millions of transactions daily within the national financial system.
With these results, Transfer365 positions itself as one of the leading technological advancements in the salvadoran financial system, contributing to the modernization of banking services and facilitating transactions for the population.
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