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[Economics] The use of digital payments is increasing in Ecuador and particularly in the tourism sector, according to the company


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The pandemic has caused many establishments to adapt to digital payments.

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The pandemic has caused many business establishments to acquire new methods of conducting business transactions.

Among the most used options are digital payments, because they facilitate processes, prevent the customer from handling cash, and even, in some cases, do not require direct contact between the buyer and the seller.

 

With a public-private partnership, medium, small and micro tourism entrepreneurs will have access to digital payment tools

According to a study carried out by the consultancy Advanced, last August, this type of payment also promoted the use of digital methods to carry out tourism in the country and businesses are progressively adapting to the increase in digital payments.

According to the investigation, those same businesses indicate that 68.1 percent of sales revenue is channeled through this channel. In addition, the rest of the travel arrangements can also be carried out digitally such as reservation, luggage registration, reservation of PCR tests, among others.

 

The trend towards digital payments in Latin America grew with the pandemic

Data from the payment platform PayPhone Ecuador indicate that although the digital transformation in business during 2020 was very significant, it occurred mainly in tourist establishments (hotels, restaurants, rental services or rental of marine or extreme sports equipment).

“Digital payment methods are a key ally for the reactivation of national tourism thanks to the benefits it provides, among the most representative are speed, security and comfort. Three basic factors in the new normal, especially in security matters, since they facilitate most procedures through virtual platforms. In the case of collections and payments, comfort and ease have been key, which is why more and more hotels, restaurants and travel agencies have integrated this option into their processes ”, commented Juan José Espinoza, general manager of PayPhone Ecuador.

 

Ecuadorian payment platform reaches Panama, Peru and the United States

This company indicates that, for example, it obtained an increase of 302% in tourist establishments registered in its application, compared to 2019. On the other hand, so far in 2021 there is an increase in users in this sector of 140%.

They also mention that according to their statistics, several tourist businesses in 199 cantons of the country currently use digital payment methods. This represents 14% of the total of the businesses registered in its application, concentrating the majority of users in Guayas, Pichincha, Santa Elena, Azuay, Napo and Pastaza.

LINK: https://www.eluniverso.com/noticias/economia/el-uso-de-pagos-digitales-se-incrementa-en-el-ecuador-y-de-forma-particular-en-el-sector-turistico-segun-compania-nota/

 

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