Tuesday, 09 August 2022 22:45

From august 1 to 7,130 thousand payments were made in Transfer365: BCR

Written by Evelyn Alas

The Banco Central de Reserva (BCR), informed that during the holiday period from august 1 to 7, 2022, 130 thousand payments and interbank transfers were made through the Transfer365 electronic payment service.

This action reached more than US$72 million transferred to the salvadoran economy during the festivities of the patron saint of San Salvador.

Salvadorans can pay their credit cards, personal loans, payroll, and even make bank-to-bank transfers at any time and every day of the year with Transfer365 and Transfer365 mobile.

The application transfers in a maximum time of 10 minutes to the final beneficiary's account and can be verified online.

Transfer365 is operated through the payment infrastructure of Banco Central de Reserva.

In addition, companies will have at their disposal the Transfer365 Business platform, aimed at executing high-value payments that stimulate the economic activity carried out by these agents.

According to the BCR, individuals have achieved significant savings with the use of this platform, including US$11.8 million in interbank commissions, as well as US$5.4 million in interest on late payments.

People can also download the mobile application "Regulación BCR" and learn about the regulations approved by the Central Bank's Standards Committee for financial markets, as well as the documents in consultation, can be obtained through the App Store and Google Play.