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Cash and Cash Equivalents
12 Months Ended
Dec. 31, 2021
Disclosure of cash and cash equivalents [line items]  
Cash and Cash Equivalents
14.
Cash and cash equivalents

Cash and cash equivalents breakdown is presented below:

 

 

 

2021

 

 

2020

 

Own Balances

 

 

227,913

 

 

 

43,684

 

Merchant Clients Funds

 

 

108,284

 

 

 

68,049

 

 

 

 

336,197

 

 

 

111,733

 

 

As at December 31, 2021, USD 336,197 (USD 111,733 on December 31, 2020) represents cash on hand, demand deposits with financial institutions and other short -term liquid financial instruments.

Own Balances corresponds to cash and cash equivalents of the Group while Merchant Clients Funds corresponds to freely available funds collected from the merchant customers, that can be invested in secure, liquid low-risk assets until they are transferred to the merchants in accordance with the agreed conditions with them.