The Central Bank of the Argentine Republic (BCRA) created an instrument, Collection with Transfer (CCT), which will allow the collection of loan installments in a safe and transparent way for people. Subsequently, it will be extended to channel other periodic collections such as public services. The new service should be available from August 31, 2026.
The CCT is a new modality of immediate transfers that seeks to offer a modern and superior solution, with a rigorous focus on fraud prevention.
Its design took into account mechanisms similar to those existing in other countries – such as Pix automático in Brazil, AutoPay in India and PayTo in Australia – as well as different proposals submitted by the payment ecosystem to the BCRA during 2025.
Among its main features, the CST:
- – It only admits the collection of installments that are fixed and equal during the extension of the contract.
- – Limit the installment/income ratio to 30% in the origination of the loan, to prevent over-indebtedness.
- – Establish limits on attempts to collect each installment: one initial attempt and up to two retries (at 48 and 96 hours), avoiding abusive practices.
- – Guarantees the explicit and one-time consent of the customer to debit their account prior to the payment of the installment debits.
- – Requires lenders to notify their customers electronically the business day before the debit impacts the account.
- – It ensures the possibility of immediate withdrawal of people’s consent, both in the lender and in the provider of the account to be debited.
- – Restricts the use to financial institutions and non-financial credit providers (PNFCs) authorized by the BCRA.
- – It defines a remuneration scheme with a minimum tariff of 0.6% to be paid by lenders and proportional distribution among the participants, encouraging competition and the offer of the service.
- – Assigns fraud liability to the lender, aligning incentives for responsible use of the new collection mechanism.
The new system introduces the figure of the CCT acceptor, who will be the only one authorized to offer this new collection mechanism, promoting competition between actors and ensuring interoperability between immediate transfer schemes.
With this initiative, the BCRA reinforces its commitment to the expansion of credit, innovation in payment methods, user protection and transparency in financial operations, as well as to the strengthening of an open finance system in line with international best practices.
