Business digital transactions increased 11.2% year-on-year in the first half

There were over 60 million digital transactions in the corporate sector in the first half of 2022, which means an increase of 11.2% compared to the same period of the previous year, according to the data of Interbank index.

Also, the business sector opened more than 20 thousand bank accounts in the first half of the year, mainly driven by a growing bankarization of micro, small and medium-sized enterprises (MPMI).

In June, 96.6% of the registered accounts corresponded to micro and small enterpriseswhile the remaining 3.4% is made up of accounts managed by medium and large companies.

The Interbank Index analyzes the behavior of the nearly 500,000 companies that have bank accounts in the Argentine financial system and that operate in the 57 banks that are part of the company.

According to the report, the evolution of recent years shows “a sustained increase in corporate banking activity, especially in the MSME sector, which has grown by more than 20% in the last five years”.

In fact, 497,944 companies operate through the Interbank Network, which up to June this year had a total of 3.7 million accounts, a figure 64% higher than in June 2017. The numbers represent an average of 7 bank accounts per company. been specified.

In evaluating the results, the Chief Executive Officer of Interbanking, Paolo Carrettino, noted that “there is a marked trend towards the digitization of financial transactions in the Argentine business sector”.

“Digital transformation affects all sectors of the economy and companies need an integrated, connected and secure financial system, with agile tools and dynamic methods that adapt to their management needs. At Interbanking we want companies to be able to concentrate all their banking operations in one place, “he added.

Interbank is a digital platform for financial services that connects businesses with 57 banks across the country. The platform allows institutions to manage their accounts from the same place and access administration services such as salary payments, billing and the management of checks, payments and collections.