A significant increase in household delinquencies is unsettling Argentina’s banking and fintech sectors, posing yet another obstacle to President Javier Milei’s bold economic reform agenda. The proportion of households unable to meet their debt obligations surged to a 15-year peak of 11.5 percent of total loans in March, up from 2.6 percent at the close … 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
Nu Holdings Ltd has received preliminary approval to engage in certain banking activities in the US, marking a significant initial step for the Latin American fintech as it seeks to enter the world’s largest economy. The Office of the Comptroller of the Currency has granted conditional approval for a national bank license for Nubank, as … 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