🎉 Argentina: Central Bank reports strong growth in electronic payments

🎉 Argentina: Central Bank reports strong growth in electronic payments

This is according to the latest BCRA report on retail payments for March 2025.

▶️ QR codes have become a key tool for interoperability in the payment system.

▶️ In March, 74.6 million interoperable transfer payments were recorded — a 75.2% increase compared to the same month last year.

▶️ The total value of these transactions reached 1,346.2 billion USD, reflecting a 98.1% year-over-year growth.

▶️ 55.8% of QR payments were made from bank accounts (CBU) and 44.2% from payment accounts (CVU). Meanwhile, 62.6% of payments were received in payment accounts, indicating a high adoption of digital wallets by merchants.

▶️ In contrast, debit card usage saw a slight decline: 11.9% fewer transactions and a 3% drop in total value, though they still lead in overall volume (209 million transactions totaling 5 billion USD).

#news #Argentina

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