The megadecree of the Executive Branch gives free rein to the possibility of collecting salaries in payment system institutions that it considers “suitable, secure, interoperable and competitive.”
He megadecree of Javier Milei opens the door to the possibility that salary benefits are charged through virtual walletsan old request from the fintechthat Alberto Fernandez blocked during his administration at the head of the Executive.
“The monetary remuneration owed to the worker must be paid, under penalty of nullity, in cash, check to the order of the worker to be collected personally by him or whoever he indicates or by crediting an account opened in his name. in a banking entity, in an official savings institution or in other categories of entities that the payment system application authority considers suitable, secure, interoperable and competitive“, establishes the extensive decree titled “bases for the reconstruction of the Argentine economy”, which seeks to deregulate the economy.
This could be the first step towards the “formalization of the economy”. However, there are still doubts about it, due to the way in which it was written and the fine print is still being analyzed.
Sources of Central Bank (BCRA) They stated that they are still “analyzing the adjustments that must be made to the current regulations”which would be “deregulation”. If the measure is formalized and the monetary authority adapts the circulars, workers could be paid in their single virtual account (CVU).
This resolution will not comply with the Bank entities, who until now had a monopoly on collecting salaries. Furthermore, they pointed out that the fintech They do not have the endorsement of the BCRA.
The measure would benefit the sector fintech and one of its main winners would be Payment Marketwhich is owned by Marcos Galperin, a businessman who supports Milei’s government. Last Tuesday, the virtual wallet shared the report titled “Argentines and money”in which he indicated that one in four users would like to receive his salary in the platform.
However, in 2020 the administration of Alberto Fernandez blocked the possibility of salaries being paid through virtual wallets.
In Resolution 179/2020, of the Ministry of Labor, Employment and Social Securitywho commanded Claudio Moroniit was regulated that employers could not pay salaries through the use of electronic devices, even if there was explicit and reliable acceptance by the worker.
Even the virtual wallet Ulala bought the digital bank Wilobank in September of this year to be able to offer this service.
Source: Ambito
