The BCRA authorized UnionPay to implement a differential exchange rate to all payments made by its customers during their stay in Argentina for consumptions on credit cards issued abroad.
As from July, UnionPay is governed by the BCRA’s regulation A 7630, which authorizes the settlement of non-residents’ purchases made on credit cards issued abroad to be settled at the financial dollar rate.
The company has requested the Chamber of Credit and Purchase Cards to join the protocol signed in December 2022 by acquirers and processors of acquirers and issuers of international brands based on the calculation, updating and application of the implicit quotation for purchases made with credit cards issued abroad, under Communication A 7630.
UnionPay is a credit card trademark with presence in 182 countries, and Argentina is one of the most favorite destination.
