In May, delinquency rates among Argentine households increased for the 19th consecutive month, approaching 13% of total household credit. At non-financial institutions such as fintech companies and digital wallets, that figure surpasses 32% — a record high in both instances. The data originates from a report utilising official statistics provided by consulting firm 1816, which … Read more
In a recently viral video, a young woman outlines her financial strategy: “I take out a AR$20,000 loan from Mercado Pago. And to pay that loan, I take out a loan from Ualá. Then I take out another loan from Mercado Pago and use that to pay Ualá. Mercado Pago and Ualá pay each other; … Read more
The financial condition of Argentine households has entered a pivotal phase, with debt to digital wallets attaining unprecedented levels. A recent study utilizing data from the Argentine Central Bank through November 2025, reveals that the typical family dedicates 33% of its income to the repayment of virtual wallet balances and non-bank loans. The figures have … Read more
President Javier Milei’s forthcoming labor reform initiative is rekindling enduring conflicts between the nation’s banking institutions and its rapidly expanding financial technology platforms. In a notable shift, salaried employees may have the option to direct their paychecks into either a virtual wallet or a traditional bank account, as indicated by an informed source. At present, … Read more