Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this kind of payment has thrived, representing 60% of the payments operations made, while plastic-based payment media has stagnated, registering a fall in use.Electronic contactless payments have been thriving in several countries of Latam, given the penetration of mobile cell phones in the area.
According to the report, mobile devices are being more greatly leveraged to make payments due to the rise of banking apps and mobile wallets. Just in October, 162 million of these transactions were made, registering an increase of 7.1% when compared to the transactions made during September. The number doubles the number of transactions made during October 2021.
In fact, payments made using these apps represent 60% of the whole number of payments made, a rise from the 51% of December 2021. In comparison, payments made with debit cards have stagnated, with 66.45 million transactions made in September 2022, falling 9.35% compared to the number of transactions made in July.The digitization of the payments arena in Argentina has been steadily progressing since the launch of Transferencias 3.
Bitso, a Latam-based exchange, was one of the first to allow users to make payments directly from their cryptocurrency wallets using QR technology.
The central bank of Argentina has implemented an open payments program to promote the use of digital payments and increase financial inclusion.
The rise in mobile payments is attributed to the growth of banking apps and mobile wallets.
Debit card use has stagnated, with a 9.35% decline in transactions made in September compared to July.
Mobile payments are on the rise in Argentina, with 60% of payments operations made using mobile devices.
Is USDT included as an option?
Argentina did a right choice by adopting USDT
pleasant...
pleasant...
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rebrand?
Sirr rocks
Cool eitherr way..
Lets go Argentina 👍
hanma_ogre WarmasterGaia DoFlamingo0711 telcoin
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