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Santo Domingo, Dom. Rep.– Service establishments, supermarkets and retail stores accounted for nearly 88% of the total consumption carried out last year through 11 million cards of different types issued by banking entities operating in the country, reported the Association of Multiple Banks of the Dominican Republic (ABA).
During the year 2024, users of bank cards (debit, credit, government subsidies and prepaid) consumed a total of RD$1 trillion 19,844 million in different businesses, which is an indication of the relevant role of these financial instruments in the economic dynamics of the country, stated the ABA.
He pointed out that payments with bank cards were made predominantly in the services sector, which concentrated 45.7% of the value, equivalent to RD$465,928 million last year. Within this line, bars, hotels and restaurants stand out, establishments that concentrated RD$151,036 million during the period, according to the statistics of the Central Bank Payment System analyzed by the Technical Directorate of the ABA.
In a press document, it indicated that 23.3% of the value paid by users corresponds to transactions in supermarkets (RD$237,480 million); 19.1% to consumption in retail stores (RD$195,335 million); 7.6% was allocated to fuel (RD$77,489 million); and the rest, made up of airlines, wholesalers and other companies, constituted 4.3%, equivalent to RD$37,000 million.
Regarding the number of operations, the ABA reported that during last year 477.5 million transactions were registered, almost half of them in the services sector, which concentrated 236.2 million, equivalent to 49.5%. It was followed by supermarkets with 24.5%; retail stores with 13.6%; 10.7% were fuel purchases and the remaining 1.4% were transactions in airlines, membership organizations, wholesalers and other companies.
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