Growth in Electronic Transactions in Nicaragua

In 2017, the amount of electronic payment services provided totaled $40.510 billion, which represented about three times the value of Nicaraguan GDP.

Monday, March 5, 2018

In 2017 the value of transactions increased by 15.6% with respect to 2016, behavior explained mainly by a greater dynamism in the operations of the Automated Clearing House (ACH), as these grew by 198%, while BCN operations did so by 7.8%.

From a report by the BCN:

The amounts of electronic payment services provided amounted to 1,253.7 billion córdobas in 2017, representing about 3.0 times the Gross Domestic Product (GDP). Of these, 89.5 percent corresponded to services provided by the BCN and the rest by the ACH. 

Regarding growth dynamics, the value of transactions increased by 15.6 percent with respect to 2016, behavior explained mainly by a greater dynamism in the operations of ACH, which reflected a growth of 198.0 percent, while the operations of the services offered by the BCN did so at 7.8 percent. In relation to the type of currency, use of national currency predominated, making up 62 percent of the value traded.

See "Report on Payment Systems and Services in Nicaragua" (in Spanish).

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