Ualá opens the possibility of payroll portability with returns

Mexico City. 50 percent of the population in Mexico uses the bank that the employer gives them to collect their payroll, so there is no voluntary decision to have their resources in a better proposal, highlighted Romina Simonelli, vice president of payment methods at Ualá. at regional level.

At a press conference, on the occasion of the launch of Ualá’s payroll portability system, Simonelli revealed that in 2023, about 79 thousand people, just 0.3 percent of the total accounts, will carry out account portability.

According to the specialist of the digital financial solutions company, 90 percent of the accounts in Mexico are concentrated in five banking institutions.

That is why Romina Simonelli asserted that this is where there is an opportunity to show more Mexicans that there are simple digital options to carry the payroll.

Thus, the Ualá payroll portability will allow users to receive their salary directly in the entity’s application, accessing an automatic return of 15 percent per year, with interest that is capitalized daily.

The vice president of payment methods at Ualá explained that the entity’s payroll portability is a simple and completely digital process that can be carried out at any time, guaranteeing that clients can enjoy their salary with greater freedom and without additional costs.

In addition, users will benefit from exclusive promotions, such as a 20 percent bonus on their first purchase, a 5.0 percent cashback on all purchases, mainly.

“With payroll portability, we are empowering Mexicans to take control of their money. They will no longer be limited by the decisions of their employers or by traditional banking practices. With Ualá, the money will arrive directly in the client’s account , offering the best rate on the market from the first moment,” guaranteed Simonelli.

In Mexico, around 21 percent of people have a bank account to save and 19 percent to receive government support; for security, 8.0 percent and to invest or generate interest, 2.0 percent of the population.