“One of the few things that worked well in this blessed country is Payment Market where Marcos Galperin devised a virtual wallet inclusive that is used from large companies to the greengrocer. How could it be otherwise, the politicians grabbed it and broke it. “My God,” said journalist Lucas Morando on his Twitter account (X).
Instantly, the businessman responded forcefully: “They didn’t break it and They won’t be able to break it either.”.
What the Mercado Pago statement says
Mercado Pago expressed itself against the regulations through a thread of tweets where it indicated that “The banks have managed to get the BCRA to replace this tool with another that has more friction for the user.”. The solution they propose, ‘Immediate Pull Transfers’, is still flawed and is no good replacement.”
He maintains that in his own evidence “9 out of 10 people cannot deposit money into their accounts from their digital wallet.”generating inconveniences in the experience by forcing users to go through multiple steps in their home banking – and even go to an ATM – to be able to operate.
In short, Mercado Pago assured that immediate debit is the “safest” means of transfer that exists, despite the fact that the Central Bank eliminated this means of funding accounts with the objective of “preventing fraud.” According to it, four million people use Debin, with a fraud rate of 0.02% of total transactions.. And, when an error occurs, the money is covered by the digital wallet, they indicated. Each user makes, on average, eight deposits per month on average.
“In the context of an inflation of 124% year-on-yearbanks seek to prevent millions of Argentines from sending money to their digital Mercado Pago account. Today, this account yields 94.6% annually (average of the last seven days) and is a very convenient tool to protect yourself, at least in part, against the loss of purchasing power,” they maintained.
Own central bank lead by Miguel Ángel Pesce They came out with an official statement and explained that the purpose of this change is to “optimize operations using the instruments for the purpose for which they were designed.” For the monetary entity, the Debin It is a debit mechanism for small businesses, such as clubs, schools or a newsagent, and not to generate transfers between accounts.
Likewise, they were responsible for detailing that “the measures were consensual and at the beginning of the year published in the ‘CIMPRA Bulletins’ that constitute the agreements reached from consensus in the field of Interbank Payment Methods Commission of the Argentine Republic”.
Source: Ambito
