Introduction: The E-Payment Surge 📈
Hey there! 🙌 If you’ve been keeping an eye on the financial landscape in Algeria, you’d know that e-payments are not just a trend, but a revolution. With a whopping 1.7 million transactions in just the first half of this year, the digital payment wave is here to stay. Let’s dive deep into the numbers and see what’s shaking up the e-payment scene in Algeria.
E-Payment Devices: More Than Just Numbers 📊
- Total e-payment transactions (TPE) in H1: 1.7 million
- Value of these transactions: 14 billion DA
- VSEs in operation till H1: 49,916 devices (🆙 from 46,263 in 2022)
The rise in the number of devices indicates a growing trust in digital transactions. The more the devices, the more the convenience for the users.
Bank Cards & E-Payment Cards: The Real MVPs 💳
The number of electronic payment cards in circulation is nothing short of impressive:
- Total cards: Over 15.3 million
- Types: Bank cards & “Edahabia” cards (specific to Algérie Poste)
Internet Payment: Breaking Down the Sectors 🌐
Internet payment is diversifying. From telecom to sports, every sector is jumping on the bandwagon:
- Telecom: 4.1 million operations (The big player! 🥇)
- Sports & Leisure: 464,000 operations
- Services: 444,000 operations
- Transport: 150,000 transactions
- Invoice Transactions: 281,000 transactions
- Sale of Services: 21,000 transactions
- Insurance Companies: 16,000 transactions
- Administrative Department: 4,522 transactions
GIE Electronic Banking Group: The Web Merchants 🌍
The GIE group boasts a strong network of 370 web merchants. Big names like Sonelgaz, Algérie Télécom, and Air Algérie are all part of this digital revolution.
Online Transactions: A Historical Perspective 📜
Since its inception in 2016, the system has seen:
- Total online transactions: 27 million
- Value: 49 billion Da
Mobile Payments & ATMs: The Unsung Heroes 📱💰
- Mobile payments in H1: 16.6 million transactions (Valued at 11.7 billion Da)
- Money transfers via phone: 6.6 million operations (Worth over 85 billion Da)
- ATM withdrawal operations in H1: 85.7 million (Valued at a massive 1600 billion Da)
- Total ATMs: 3768 (Up from 3640 in 2022)
GIE Monétique Group: The Visionaries 🌟
Established in 2014, the GIE Monétique group consists of 18 banks and Algérie Poste. Their mission? To champion electronic banking and make e-payments the norm.
Conclusion: The Future is Digital 🚀
Algeria is embracing the digital payment revolution with open arms. With impressive numbers and a clear upward trend, the future of finance in Algeria is undoubtedly digital. So, whether you’re a business owner, a consumer, or just a curious soul, it’s time to hop on this exciting digital journey! 🎉
Frequently Asked Questions (FAQs) 🤔
1. What are e-payment transactions (TPE)?
TPE stands for Terminal de Paiement Électronique. It refers to electronic payment transactions made through digital devices.
2. How many e-payment devices were in operation in the first half of the year?
There were 49,916 devices in operation during the first half of the year.
3. What is the “Edahabia” card?
The “Edahabia” card is a specific type of electronic payment card associated with Algérie Poste.
4. Which sector had the highest number of internet payment operations?
The telecom sector led the way with over 4.1 million operations.
5. Who are the members of the GIE Electronic Banking Group?
The GIE group includes 370 web merchants, with big names like Sonelgaz, Algérie Télécom, and Air Algérie.
6. How many online transactions have been made since the system’s inception in 2016?
Since 2016, there have been 27 million online transactions.
7. What is the mission of the GIE Monétique Group?
The GIE Monétique group aims to promote electronic banking and encourage the widespread use of electronic means of payment.
8. How many ATMs were there at the end of 2022 compared to now?
At the end of 2022, there were 3640 ATMs. This number increased to 3768 by the first half of the current year.