Monthly report that analyzes the state and evolution of retail means of payment.

Summary

The month of analysis is April 2025, except for withdrawals, credit cards, debit cards and transport cards that the information corresponds to March 2025 and prepaid cards that include the data available as of March 2025.

Envíos de dinero (transferencias inmediatas “push”): reportaron un crecimiento en cantidades del 26,8 % i.a.

En pesos: se registraron 576 millones de transacciones por $ 56,4 billones, que implican incrementos interanuales del 26,8 % y del 35 %, en cantidades y en montos3 respectivamente. El 76 % tuvo como origen y/o destino una CVU.

In foreign currency: 1.9 million operations (82.3% YoY) were registered for USD 2,669.8 million (68% YoY).

Money deposits (immediate “pull” transfers): reached 36.6 million operations.

36.6 million transfers were made for $ 2.8 trillion, representing -3.6% in amounts and 0.8% in amounts, compared to March.

Interoperable transfer payments (PCT): QR reached 70.4 million transactions.

72.3 million operations (79.2% YoY) were carried out for a total of $1,317.5 billion (109.8% YoY).

-QR

: 97.4% were initiated with QR codes, representing 70.4 million payments (97.0% YoY) for $1,274.1 billion (136.4% YoY). 54.4% were made by customers who used their demand accounts and 45.6% their payment accounts. Likewise, 36.9% of businesses credited demand accounts and 63.1% in payment accounts.

Currently, 76 interoperable digital wallets and 43 PCT acceptors are registered with the BCRA.

-With random keys: 2.6% used a token for their initiation; that’s 1.9 million trades
(-58.8% YoY) for $43.4 billion (-54.9% YoY).

Payment accounts and funds invested through PSPCPs:

In March, out of a total of 57.3 million accounts, 13.9 million payment accounts were registered with a balance totaling 558.6 billion pesos, while the balances invested in FCI of money reached 4.6 trillion pesos. Both concepts, considered together, represent 6% of the total deposits in pesos of the private sector, which was $ 85.6 billion in the aforementioned month. At present, 182 PSPCPs are included in the register.

Direct debit:

12.1 million debits (-0.9% YoY) were made for $1.4 trillion (13.2% YoY), with an effectiveness rate9 that reached 50.3%.

Checks: 79.2% of the amounts cleared correspond to the ECHEQ.

4.9 million checks (physical and electronic) were cleared for a total of $16.8 billion. ECHEQ’s share of the total number of cleared persons reached 54.5% in quantities (2.7 million electronic checks) and 79.2% in amounts ($13.3 billion).

Rejections for reasons of “insufficient funds”: the ratio to the total compensated reached 1.3% in quantities and 0.9% in amounts.

Cards: the use of debit cards remains above credit cards.

Debit: 223.6 million transactions were made for $5.4 trillion, with variations of -14.8% YoY in amounts and -6.2% YoY in amounts.

Credit: year-on-year variations of 18.2% in amounts and 27.9% in amounts are observed, with 183.3 million payments being made for $8.7 trillion. The most used channels are e-commerce with 31%, followed by automatic debit with 14.7% and POS and QR with 43.5%, of which 4.07 percentage points correspond to QR interoperable with credit cards.

Prepaid card: 35.2 million payments were made for $ 587.6 billion, which represents increases of 30.3% and 24.6% y.a., in amounts and amounts respectively.

Prepaid transport cards:

348 million trips (6.3% YoY) were made through the SUBE card, totaling $126.9 billion (35.5% YoY).

Electronic Invoicing for MSMEs (FCEM):

In the month of analysis, 90% of the operations were carried out in pesos, entering the open circulation system (SCA) 122.2 thousand invoices for $ 1.3 billion.

Extractions:

90% of withdrawals are made from ATMs.

ATMs: 66.6 million withdrawals were made from the 17,205 ATMs for a total of $3.8 billion, with the average number of withdrawals at each ATM being 3,871. The average withdrawal amount reached $56.4k.

Extrabank debit cards: 4.4 million for $230.1 billion, with an average amount of $52.1 thousand.

Extrabank from intra PSPCP (“closed loop”) payment accounts: 3.1 million for $147.2 billion, with an average amount of $47.9 thousand.