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Retail Payment Instruments

 

USE OF VARIOUS CASHLESS PAYMENT INSTRUMENTS
(Year-ended at December)

Volume of Transactions in Millions

2003 2004 2005 2006 2007 /1 2008  /2

Checks
  Process at electronic checks clearing house 6.7 6.6 6.4 6.6 6.6

 6.6

 
  Process at bank's office 8.0 14.4 16.0 14.3 24.5

 26.2

 

Payment cards
  Debit 6.7 15.8 16.2 18.8 15.4

 15.0

  Credit 1.4 6.5 9.4 13.0 8.0

  9.7


Paper based credit transfers
  Customer initiated n.a. 0.0680 0.0730 0.1068 0.0750

 0.0411

  Interbank / large value n.a. n.a. n.a. 0.0026 0.0003

 0.0004


Paperless credit transfers
  Customer initiated n.a. 5.4 13.2 25.5 23.5

 27.9

    E-banking

 n.a.

 n.a.

 n.a.

 n.a.

   13.0

 16.3

    Electronic branches

 n.a.

 n.a.

 n.a.

 n.a.

    8.0

 8.9

    Others

 n.a.

 n.a.

 n.a.

 n.a.

    2.5

 2.7

  Interbank / large value n.a. n.a. n.a. 0.58 0.1

 0.1

Direct debits n.a. n.a. n.a. 2.4 1.1

 1.1

 

Source: Survey to banks and informed by electronic checks clearing.
1/ The information has been modified based on variations and reviews reported by banks.
2/ Preliminar data.
n.a. Not available information at the moment.


Value of Transactions in Millions
 

2003 2004 2005 2006 2007 /1 2008  /2  

Checks
  Process at electronic checks clearing house 18,688.8 20,048.9 20,419.1 22,841.0 24,979.5

 26,181.5

 
  Process at bank's office 10,902.5 19,210.2 27,457.0 27,384.7 24,760.2

 25,652.1

 

Payment cards
  Debit 216.7 582.8 641.8 780.3 857.5

 837.3

  Credit 358.5 404.6 620.4 881.5 691.2

 666.2


Paper based credit transfers
  Customer initiated n.a. 4,958.1 5,524.8 7,030.0 6,251.7

 7,374.7

  Interbank / large value n.a. 942.2 441.8 356.1 21.6

 102.0


Paperless credit transfers
  Customer initiated n.a. 1,473.6 5,403.6 9,054.9

11,799.5

 15,378.9

    E-banking

 n.a.

 n.a.

 n.a.

 n.a.

 10,093.3

 13,517.3

    Electronic  branches

 n.a.

 n.a.

 n.a.

 n.a.

 118.4

 97.6

    Others

 n.a.

 n.a.

 n.a.

 n.a.

 1,587.8

 1,764.0

  Interbank / large value n.a. 3,548.1 3,801.0 5,595.5 924.5

 1,568.2

Direct Debits n.a. 54.3 71.0 472.3 712.5

 842.2

 

Source: Survey to banks and informed by electronic checks clearing.
1/ The information has been modified based on variations and reviews reported by banks.
2/ Preliminar data.
n.a. Not available information at the moment.



Payment System Infrastructure

2003 2004 2005 2006 2007  /1

2008  /2

Cash dispensers (ATM)
  Numbers of national networks 2 7 7 8 8

 9

 
  Number of terminals 717 798 897 958 1,029

 1,118

 
  Volume of transactions (in thousands) 36,000 43,402 48,898 56,930 65,443

 67,439

  Value of transactions (in thousands US$) 1,599,600 1,943,665 2,190,548 2,209,507 2,841,309

 3,035,341

Electronic funds transfer at the point of sale (EFTPOS)
  Number of networks n.a. 2 2 2 7

 7

  Debit cards 803,526 1,218,930 1,486,643 1,632,642 1,465,046

 1,478,897

  Credit cards 446,136 581,851 629,739 806,004 717,367

 759,148

  Number of terminals n.a. 6,000.0 6,914.0 10,870.0 18,096.0

 21,397

  Volume of transactions (in thousands) 8,100 22,355 25,559 31,738 23,481

 24,683

  Value of transactions (in thousands US$)  575,200 987,481 1,262,184 1,661,734 1,548,680

 1,503,407

Source: Survey to Banks.
1/ The information has been modified based on variations and reviews reported by banks.
2/ Preliminar data.
n.a. Not available information at the moment.


Interbank Transfers in Millions US$

2003 2004 2005 2006 2007 2008

  Related to government transactions 1/ 5,476.4 5,672.9 6,160.9 7,989.8 7,094.9

 8,579.5

 
  Banks  2/ 8,443.3 8,138.1 8,019.0 8,230.6 8,452.9

 9,436.2

 

  Total
13,919.6 13,811.0 14,179.9 16,220.3 15,547.8

 18,015.6


Source: Central Reserve Bank of El Salvador.
1/ Correspond to government to banks funds transfers, between government accounts and bonds settlements (LETES).
2/ Correspond to stock market funds transfers (from stock exchange to banks), tax revenues, between Multisectorial Investment Bank (BMI) accounts to Banks, from Banks to BMI, from Banks to Deposit Insurance Institution (IGD), from Financial System Strengthening and Cleaning Up Trust Fund (FOSAFFI) to Banks, from Federation of Credit Banks and Banks of Workers (FEDECREDITO)  to Banks.