The FCI was created approximately three years ago by both companies with the objective of allowing massive and low-risk investment, with instant redemption and the possibility of operating 100% digitally. In 2018 there were only 376,865 client accounts in the country, less than 1% of the Argentine population. With this development, more than 10% of the population is already participating in a low-risk Common Investment Fund, the company said in a statement.
María Victoria Minassian, Senior Manager of Mercado Pago, explained that “the fund currently has more than 4 million people who obtain returns, representing more than two-thirds of the client accounts in the country, and achieving the greatest financial inclusion in Argentine history. , in terms of savings and investment ”.
For her part, Rosario Flores Vidal, executive manager of BIND, highlighted: “Financial innovation is key to creating better products and services that, when adopted by the client, find it beneficial.
cioso, thus overcoming his experience and improving his life on a day-to-day basis ”.
The initiative won the First Prize in the Digital Opportunity / Inclusion category awarded by the World Information Technology and Services Alliance (WITSA) among 100 cases from around the world, and the awards ceremony took place at the IT 2021 World Congress in Dhaka, Bangladesh, last November.
Mercado Pago was created in 2003 and became the fintech of Latin American origin.
not largest in the region. It processes 8 million transactions per day in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay.
Source From: Ambito
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