October 18, 2022. BUENOS AIRES, Argentina.
Far from replacing one payment method with another, QR users use it as a complement to card payments: 85% maintained or increased their prepaid card transactions.
According to data collected by Ualá, the use of QR as a means of payment has not stopped growing since its incorporation into the app towards the end of 2021. As of today, it is strongly linked to consumption by adolescents and young adults: 1 of Every 2 transactions are made by people under 24 years of age.
The Transfers 3.0 initiative enabled anyone to pay with the QR they want in any business that accepts this modality, in a simple, fast and secure way. From what is recorded in terms of consumption, local businesses are the spaces in which it is used the most: 7 out of 10 transactions are made in supermarkets, food stores, kiosks and small businesses.
Far from replacing one payment method with another, QR users use it as a complement to card payments: 85% maintained or increased their prepaid card transactions.
In terms of geographic distribution, the Province of Buenos Aires participates in 43% of the country's total, Córdoba with 8% and Mendoza with 5%, as the main districts. Greater Buenos Aires concentrates 35% of transactions nationwide, with a predominance of the Autonomous City of Buenos Aires and the districts of La Matanza, Lomas de Zamora, Almirante Brown, Moreno, Florencio Varela, Merlo, San Miguel, Lanús and General San Martin.
It should be noted that the range of 13 to 24 years is the one who uses it the most, being responsible for 53% of the total transactions. For its part, the segment from 24 to 44 years contributes 40% of the total. On average, the ticket is $1,500 pesos and increases according to the age of the users.
“The interoperability and integration of collections and payments is a great advance within the universe of digital finance in Argentina, but there is still a long way to go. Today anyone can pay with a QR code in any store that accepts it, whatever wallet they have. From Ualá we are committed to continuing to build a more integrated and inclusive financial ecosystem, in which users can decide freely about their money” , said Romina Simonelli, VP of Means of Payment at Ualá.
5 years after its launch, Ualá offers a wide ecosystem of products, including the possibility of charging and paying with QR. With the Ualá Bis solution , businesses can charge their products and services quickly, safely and with immediate accreditation with a competitive commission scheme of 0% for the first three months and then 0.6% + VAT.
To pay with QR through Ualá, the user has to enter the "Pay with QR" section and scan the code. In this way, depending on the available code, whether open or closed, the amount to be paid must be entered or displayed, respectively; to finally validate the payment with the security of the app and finalize the transaction.
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