The formal salary mass, that is, the total sum of the salary remunerations ofe electronic payroll increased by 7.1% in October 2023 compared to the same month of the previous year. This, mainly after the increase in the number of jobs and higher salaries, reported the Central Reserve Bank of Peru (BCRP).
In detail, the private sector wage bill grew 6.2% year-on-year in the tenth month of the year, due to the increase in salary payments in the services sector.
Also, the formal employment The total rose 0.7% year-on-year, so 38,000 jobs were added compared to the same month in 2022.
In the formal private sphere, employment increased 0.8% year-on-year and registered positive figures in almost all areas. However, lower employment was recorded in the agricultural sector.
Peruvians make more than 220 digital payments per month, according to the BCRP
Furthermore, according to the latest report of the BCRP, the number of digital payments has quintupled in the last seven years. Thus, the National Household Survey reported that banking use has gone from 35% in 2015 to 52% last year.
“In the last two years, the adoption process of digital payments has far exceeded the growth of banking coverage. Thus, as of September of this year, each Peruvian adult made 229 digital payments, a growth of 50% compared to the end of last year,” the entity indicated.
Source: Larepublica
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