Mexicans spent 40% more during El Buen Fin 2021: Fintonic

The economy continues with signs of recovery and one example of this is the consumption that occurred during the most recent edition of El Buen Fin, where, according to the income and expense control platform Fintonic, Mexicans spent 40% more resources than in 2020.

In a meeting with the media, Lupina Iturriaga, founder of Fintonic, indicated that, according to the operations registered on the platform, online purchases were the dominant ones during The Good End 2021, since eight out of every 10 transactions were carried out by this modality.

People have spent 40% more than last year, about 2,500 pesos (on average) and that is good news because we have come out of a terrible time and that people are already encouraging themselves to consume ”, Iturriaga explained.

For the founder of FintonicAlthough there is currently high inflation, around 7%, this may be due to the economic recovery process that the country is experiencing, so we only have to pay attention that this indicator does not get out of control.

“There is inflation at 7% now in Mexico, in Spain it has also risen, but it is a normal phenomenon that we are seeing around the world. I am not concerned for the economic recovery that there is a little inflation, you have to keep it under control, yes, and salaries have to be adjusted, “Iturriaga said.

Fintonic was born in 2012 in Spain and almost a year ago it arrived in Mexico due to the opportunity that the Mexican market represents, specifically in the area of ​​resource management. According to the platform, in the country six out of 10 people do not keep a record of their expenses.

In this context, the platform already has about 150,000 registered users in Mexico, who from the application can have control of their various financial accounts and also, there is a space to access a loan of up to 150,000 pesos, according to your needs and conditions.

Iturriaga explained that it is essential for a person to take full control of their expenses, in order to generate savings that help them solve a future commitment, without this being a burden for them.

“Ah, unless you are in a situation of financial exclusion, we have proven that everyone can save,” he said.

How was the 11th edition of El Buen Fin lived according to Fintonic ?:

• 40% people increased their spending.
• 1 in 3 people made a purchase.
• 80.33% of purchases were online.
• 19.67% in physical stores.
• 34% of physical purchases were made in department stores.

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