A simple alternative that saves up to 30% to those who travel or make purchases in currency.
Fintech Capital coconuts It presented a new functionality that allows payments in dollars without the taxes that usually make consumption in foreign currency. This alternative is available for both purchases abroad and the payment of international services such as Netflix, Spotify, Disney+, Amazon or Tinder. In these cases, the only additional position will be the Digital Services Tax, in accordance with the Provincial Jurisdiction of the User.
As explained Ariel SbdarCEO and co -founder of coconuts, this option seeks to simplify daily operation and avoid unnecessary surcharges associated with credit cards. “It eliminates the costs derived from the change of currency and also the need to perform manual efforts such as the debit stop, the purchase or transfer of foreign currency, or the monitoring of the tax discounts in the account summaries,” he said.
The platform also allows to operate completely digital, either by payments with NFC technology from the cell phone through Apple Pay or Google Pay, or by physical card. “With this functionality we seek to continue integrating services that facilitate financial management from a single app, without relying on other applications or making multiple transfers,” added Nicolás Mindlin, president and co -founder of the Fintech.
Payment options and available funds
Through coconuts, users can choose how to pay their international consumption:
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In pesos, using the liquid balance available on the account.
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In dollars, with foreign currency funds deposited in the app.
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With pesos invested in the FCI FCI Cocos Fund, a fixed income option that aims to overcome the performance of fixed deadlines or paid accounts.
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With dollars invested in the FCI FCI Fund Cocos Savings Usd, which seeks to preserve the value of money and generate low risk returns.
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In all cases, the conversion is made at the exchange rate in force at the time of the operation, without additional taxes or need to make manual conversions. Those users who choose to pay with previously acquired dollars can anticipate any exchange rate rises, while those who choose to pay with inverted dollars maintain the performance of their money until the moment of the transaction.
Source: Ambito
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