El Salvador is the smallest and the most densely populated country in Central America. Link to external site : Website for El Salvador |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
20,372.60 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
8.653 Upgrade to Bronze |
| Currency | SVC |
| Class | |
| CountryISO | SV |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["Tigo (Millicom)",2950494],["Claro (America Movil)",2450879],["Movistar (Telef\u00f3nica)",1620000],["Digicel",1547156],["Red (Intelfon)",84470]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",698319],["Q4 2001",836511],["Q4 2002",1002856],["Q4 2003",1187990],["Q4 2004",1601390],["Q4 2005",2370563],["Q4 2006",3783281],["Q4 2007",5487845],["Q4 2008",6053807],["Q4 2009",6412531],["Q4 2010",7153533],["Q4 2011",7756705],["Q4 2012",8212924],["Q4 2013",8540132],["Q4 2014",8761095]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Mobile",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["MM",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["DMT",1],["IMT",1],["Insurance",1],["Wallet",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Cash",1],["Wallet",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Central Bank | |
| Key Regulations |
Central American Treaty Upgrade to Bronze |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system with minor common law influence; judicial review of legislative acts in the Supreme Court Upgrade to Bronze |
| Law is based on | |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity |
Allowed Upgrade to Bronze |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Jointly Led Upgrade to Bronze |
| DominantModel |
Bank Led Upgrade to Bronze |
| E-Money |
No specific reg on emoney by nonbanks, but expected non-bank will not be allowed Upgrade to Bronze |
| Payment |
Leaves space for nonbanks but uncertain as BCR/SupFin do not clearly have authority. no national payments law and no comprehensive legal & regulatory treatment. BCR has broad regulatory powers. Upgrade to Bronze |
| Agent |
No consensus on whether nonbanks can be allowed as agents of Fis Upgrade to Bronze |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",92.18],["Banked",26],["Internet",10],["Urban",60],["Adult",67],["Literate",82.02863414]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 6.85 |
| Adult % | 67.00 |
| Migrants % |
0.65 Register/Log In |
| Stock Immigrants ('000) |
40.30 Upgrade to Bronze |
| Emigration Rate % |
14.30 Upgrade to Bronze |
| Internal Migrants ('000) |
1,200.00 Upgrade to Bronze |
| Internal Migration Rate % |
16.70 Upgrade to Bronze |
| Intl Movement Rate % |
14.60 Upgrade to Bronze |
| Urban % | 60.00 |
| Female % | 52.80 |
| Literate % | 82.03 |
| Annual Growth % |
| Mobile Penetration % | 92.18 |
| Banked % | 26.00 |
| Access to FS % | 26.00 |
| Internet % | 10.00 |
| Branches per 100k adults | 8.90 |
| ATMs per 100k adults | 22.86 |
| POS per 100k adults | 249.59 |
| Prepaid % | 85.10 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 4.67 |
| Monthly ARPU |
12.18 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? |
Conditional Upgrade to Bronze |
| Can Market under Brand? | |
| Can issue E-Money? |
Conditional Upgrade to Bronze |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Prime Candidate Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |
Movistar Trivnet Upgrade to Bronze |