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El Salvador

Financial inclusion is a huge priority in El Salvador, and many new digital payment products and services are being developed. The country has a unique payments landscape, with the US Dollar as the national currency and the introduction of Bitcoin as a legal tender in 2021. While the latter is a positive step forward in terms of financial opportunities - for businesses and consumers, the long-term impact is not yet clear

El Salvador flag

Population

6,314,167

Banked Population:

35.85%

Group 427321246

Main industries

Tourism, Manufacturing, and Agriculture

Group 427321247

Main imports

Refined Petroleum & Petroleum Gas, Broadcasting Equipment, Electric Generating Sets, and Packaged Medicaments

Group 427321248

Main exports

Knit T-shirts & Sweaters, Electrical Capacitors, Raw Sugar, and Plastic Lids

GDP stats

$4,551.2

Per capita (USD)

10.3%

Growth annually

104

World ranking

Internet usage

55%

Smartphone usage

41%

Credit/debit card usage

20%

Population transacting electronically

24%

Group 427321245 1

Total volume of digital payments projected to reach

$5.84B (USD)

Puntoxpress

Cash

Payment Methods in El Salvador

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  • All Methods
  • Cash

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