The good news was announced through an official statement: “The mutual fund, available to invest through Mercado Pago, managed and guarded by BIND, surpassed the record number of 4.2 million users who invested their money from their cell phones. About three years ago, both companies designed and launched this innovative solution with the aim of allowing massive and low-risk investment, with instant and 100% digital redemption“said Mercado Libre.
“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 statement added.
“Through technology, a sophisticated financial instrument, such as a Common Investment Fund, has become an accessible option so that anyone can invest their money and obtain daily returns, always having the money available to pay or transfer. at any time you want ”, assured María Victoria Minassian, Sr. Manager of Mercado Pago. “The fund currently has more than 4 million people who obtain returns, representing more than two-thirds of the principal accounts in the country, and achieving the highest financial inclusion in Argentine history, in terms of savings and investment,” he added.
“Financial innovation is key to creating better products and services that, when adopted by the client, find it beneficial, thus surpassing their experience and improving their day-to-day life. In this context that we are going through, access to digital financial products is very useful for users”, Stated Rosario Flores Vidal, Executive Manager of BIND.
Finally, Free market highlighted that the initiative won the First Prize in the Digital Opportunity / Inclusion category awarded by the World Information Technology and Services Alliance (WITSA) out of 100 cases from around the world, and the awards ceremony took place at the World Congress IT 2021 in Dhaka, Bangladesh, last November.
Source From: Ambito
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