Increased Use of Online Banking in El Salvador

In the past ten years, online transactions have grown at a rapid pace.

Monday, November 8, 2010

Banks surveyed by website Elsalvador.com confirms the trend.

El Banco Agrícola currently serves about 150 thousand customers with their online banking service.

In case of Citibank, Consumer Product director, José Eduardo Luna, noted that 30% of transactions performed by individuals are done through online banking.

"The experts believe that online banking has been driven by factors such as technological advancement, cheap equipment and the benefits of saving time and resources," the article says.

More on this topic

Increased Use of Online Banking in Costa Rica

October 2010

Payments for credit card and services as well as foreign exchange lead user preferences.

Since the service began, growth has been constant; currently more than 130,000 daily operations are performed.

"According to Carlos Melegatti, deputy manager of the Central Bank of Costa Rica, transfers of funds to third parties will soon reach five million annually," reported Nacion.com.

Increased Use of Online Banking in Guatemala

July 2011

In recent years, electronic transfers have been growing at a rapid pace.

Bank managers agree that the use of electronic banking operations reduces transaction costs, being this the main reason for its growth.

Luis Lara, manager of the Banco Industrial (BI) told Prensalibre.com that the institution expects amount of electronic transactions made by the end of 2011 to exceed those of 2010 when they totaled $1,377 million.

Little Use of On-Line Banking in Guatemala

February 2009

Users continue to prefer traditional operations; bankers maintain that in a short time frame, this tendency will revert itself.

Sigloxxi.com publishes an article in its website: "Among the hundred of the most visited places on the internet, and in just half of the count, only three banks are placed: G&T Continental (46), Industrial (51) and Banrural (60).

Online Banking in Nicaragua

April 2016

Starting April 21, 6 nicaraguan banks will include among its services online money transfers.

The six banks are part of the ACH Unired network, an entity authorized by the Central Bank of Nicaragua to operate in the country. Some banks offer no-cost transfers, while others charge transaction fees ranging between $5 and $20.

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