The drop in interest rates caused returns to fall, just as happened with fixed terms in banks. How much do they pay now?
The virtual wallets They are experiencing moments of great acceptance by Argentines, who use them for their daily payments but at the same time to invest in them and have an extra return on their income. However, The drop in interest rates caused returns to fall, just as happened with fixed terms in banks.
The data comes from a report carried out by the Argentine Chamber of Investment Funds, which registered in the last 24 hours a significant decrease in the annualized performance offered by fintech, with an average of 72%.
The yields are in line with those of the banks, which lowered rates by around 40 points to around 70%. It is because the Central Bank deregulated and eliminated the minimum interest rates that they were obliged to offer.
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The most used virtual wallet is Payment Market. At the moment it reports that its yield exceeds 86%, which exceeds most of the rates offered by banks for fixed-term deposits.
While the rest report returns of between 77% and 90%. The one that performs the most is Orange.
Source: Ambito
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