Boom in Argentine tourism to Brazil: strategy to save more before traveling

Boom in Argentine tourism to Brazil: strategy to save more before traveling

Argentines are transforming their way of paying in Brazil thanks to the implementation of the Pix system. Since the integration of this system to the Cocos app -on January 2, 2025- Argentines found a comprehensive solution that not only allows them to make fast and secure payments in the neighboring country but also generate returns with their money before and during the trip. Users can invest their savings in any Cocos investment pool and, at the same time, use those invested pesos or dollars to pay directly with Pix in Brazil.

In just two weeks, Cocos processed 225,520 payments, with an average of 30 thousand daily transactions and a total volume of $8,249,602,698 (equivalent to 7 million dollars). This means that every 3 seconds a payment was made with Pix in Brazil through Cocos.

Investing in FCI before traveling is positioned as a smart financial strategy. Not only does it allow you to save because the money continues to yield at the best rates even after the trip is over, but also because when paying for your consumption in Brazil from the Cocos app you get an exchange rate up to almost 10% compared to other apps. More favorable compared to using cash or credit cards abroad.

Consequently, Cocos experienced explosive growth, reflecting the impact of this innovative solution on the market, opening more than 65,000 new accounts since the integration of Pix, far surpassing the previous record for account openings corresponding to 2024.

In this way, the impact of Pix extended to the entire financial ecosystem that makes up Cocos, with a significant increase in subscriptions to FCIs. Cocos Daruma (COCORMA) stands out with an increase in 31% in equity net in pesos and a 116% increase in subscriptions daily average, reaching more than 100,000 million pesos of assets, demonstrating that the Argentine peso is the favorite currency to make payments in the neighboring country.

Today, funds are not only a conservative investment option, but also an efficient and safe payment tool that allows you to take advantage of the potential of your money without giving up returns for even a second and having it available for day-to-day consumption. Everything integrated in the same App.

“The adoption of Cocos to pay with Pix could double during the months of February and March, as more Argentines discover its advantages over other payment methods. That is why we traveled to Brazil, to ensure that tourism knows the benefits of using our app and prevent them from overspending using other methods,” he highlighted. Ariel Sbdar, CEO and founder of Cocos.

Interest rate on virtual wallets as of Friday, January 17, 2025

  • Coconuts (FCI Daruma): 35.25%
  • Ualá (Remunerated Account *): 35%
  • Personal Pay (FCI): 31.40%
  • Orange X (Remunerated Account **): 31%
  • Prex Argentina (FCI): 29.96%
  • Payment Market (FCI): 29.90%
  • Claro Pay (FCI): 28.90%
  • N1U (FCI): 28.07%
  • Galicia (FCI – Fima Premium): 27.10%
  • Lemon Cash (FCI): 27.05%
  • LetsBit Finance (FCI): 26.66%

*The limit to be remunerated is $750,000 deposited and a profit limit per month: $21,575.

**The limit to be remunerated is $600,000 deposited.

Users not only benefit saving up to almost 10% compared to other apps (https://comparapix.ar/) but also have the possibility of making payments using pesos or dollars invested at the best rates.

Cocos Capital Portfolio Manager

Source: Ambito

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