Low income account holder uses more cash in transactions

Low income account holder uses more cash in transactions

GuiaBayment Survey Also Shows Account Withdrawal Increases As Consumer Age Advances

35% of consumers earning up to $ 1,000 make their cash transactionsTânia Rego / Brazil AgencyAlthough most of the Brazilian population has some kind of relationship with the bank, 35% of people with income of up to R $ 1,000 a month withdraw almost everything they earn - that is, they make almost all their cash transactions.Survey of the GuiaBayment financial education platform shows that this consumer group withdraws more than 80% of income from the bank and uses the money for basic transactions such as bill pay and store purchases.The survey of the most downloaded finance application in the country is part of an unprecedented partnership, supported by the Central Bank, with consultancy Plano CDE and Fundación Capital, to facilitate the understanding of finances and lower the barriers between this lower income and lower income groups. the financial system.See tooMilitary name at polls grows 39% in electionsNational Public Security Council will act against violenceThe su...


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