El Salvador’s interbank transfer platform Transfer365 has consolidated its position as the country’s most widely used digital payment system, processing more than five million transactions and over $4 billion every month. According to the Central Reserve Bank (BCR), the platform operates 24/7, 365 days a year, and remains completely free for users, making it a cornerstone of everyday financial activity nationwide.
“It settles more than five million operations a month and over four billion dollars; everyone knows it, it is the preferred choice of Salvadorans 24/7, 365 days a year, and completely free,” said BCR President Douglas Rodríguez. Official data show that in the last four years alone, Transfer365 processed $74.26 billion across more than 81 million transactions. Notably, women carried out 47.7 percent of these operations, highlighting meaningful progress in financial inclusion and digital adoption.
Rodríguez also emphasized recent improvements in settlement times and transparency, which have strengthened public trust in the system. “Now when you send a transfer, you also receive a message or email informing who sends it, the amount, and who receives it,” he explained. All transactions are automatically reflected in the online banking statements of participating financial institutions, further reinforcing reliability and traceability.
A nationwide survey covering urban and rural areas across El Salvador’s 14 departments revealed that 40.6 percent of adults made at least one interbank transfer in the past year, while 86.6 percent received money through digital banking platforms. Of these users, 80.2 percent relied on Transfer365, citing its constant availability, zero cost, speed, and operation during holidays and vacation periods. Currently, 26 institutions—including private banks, cooperatives, state banks, and the Ministry of Finance—offer the service, underscoring its scale and strategic importance within El Salvador’s modern financial ecosystem.