The report analyzes information as of February 2026, except for that involving withdrawals, credit cards, debit cards, and transportation cards, which is updated as of January 2026, and that on prepaid cards, which is updated as of December 2025 (latest data available).

In February, instant push transfers in pesos increased 25.5% y.o.y. in volume.

− In pesos: There were 650.3 million instant push transfers for an amount of ARS74.8 trillion, climbing 25.5% y.o.y. in volume, and 13.3% y.o.y. in value, in real terms. Seventy-five point eight percent of transactions were made from or to a virtual account through a single virtual code known as CVU.
− In foreign currency: There were 2.2 million transactions (9.9% y.o.y.) for an amount of USD2,890.2 million (-1.9% y.o.y. in original currency).

Instant pull transfers in pesos reached 38.1 million in February.

− There were 38.1 million transfers for an amount of ARS3.7 trillion, up 5.7% y.o.y. in volume and 7.1% y.o.y. in value, in real terms.

Interoperable payments by transfer (PCTs) using QR codes totaled 88.9 million transactions in pesos.

− There were 89.9 million PCT transactions (42.7% y.o.y.) in pesos, for a total of ARS2.1 trillion (49.6% y.o.y. in real terms).

– QR: 98.9% of PCTs were initiated through QR codes—88.9 million payments (46.4% y.o.y.) for ARS2.1 trillion (54.2% y.o.y. in real terms). Payments from sight accounts (CBU) represented 52.4%, and payments from payment accounts (CVU), 47.6%. At stores, 54.2% of transactions were credited to payment accounts, while the other 45.8% were channeled to sight accounts.

Currently, there are 87 interoperable e-wallets and 61 PCT acquirers registered with the BCRA.

– Token payments: 1.1% of interoperable PCTs were made through a token, accounting for 1 million payments (-55.6% y.o.y.) for an amount of ARS33.4 billion (-47.5% y.o.y. in real terms).

Payment accounts and funds invested through payment service providers that offer payment accounts (proveedores de servicios de pago que ofrecen cuentas de pago, PSPCPs)
In January, there were 64.8 million payment accounts, out of which 16.1 million recorded a balance totaling ARS0.7 trillion. In turn, the balances of money market funds reached ARS7.3 trillion in the same month. Payment accounts and money market funds jointly accounted for 7.3% of total private sector deposits in pesos. There are currently 215 PSPCPs included in the Registry of Payment Service Providers.

Direct debit
In February, there were 11.1 million direct debits (-4.9% y.o.y.) for a total of ARS1.8 trillion (5% y.o.y. in real terms), with a success rate of 43%.

Checks: Electronic checks (ECHEQs) accounted for 82.8% of cleared amounts in February
− A total of 4.5 million checks (in paper and electronic form) were cleared for ARS19.6 trillion. The share of e-checks in total cleared checks was 61.4% (2.8 million) in terms of volume and 82.8% (ARS16.3 trillion) in terms of value.
− Additionally, 34 e-checks in dollars were cleared for a total of USD6 million in February.
− Checks returned for insufficient funds: The rate of returned checks for insufficient funds over total cleared checks was 2% in terms of volume, and 1.5% in terms of value.

Cards: Debit card use exceeded credit card use
− Debit cards: There were 174.3 million debit card transactions for an amount of ARS5.1 trillion in January (latest data available), exhibiting a decrease of 10.4% y.o.y. in volume, and of 14.3% y.o.y. in value, in real terms. Also, in January there were 11.7 thousand transactions in foreign currency for USD7.1 million (98.4% were channeled through e-commerce).
− Credit cards: The number of credit card transactions reached 159.4 million for an amount of ARS9.2 trillion, changing -0.7% y.o.y. in volume, and -4.7% y.o.y. in value, in real terms. The most commonly used channels included: e-commerce, 37.9%; POS and QR, 37.5%; and automatic debit, 14.9% in terms of volume.
Interoperable QR codes represented 5% of total credit cards in terms of volume. Lump-sum payments accounted for 87.4% in terms of volume and 65% in terms of value.

Transport
− Transportation prepaid cards: There were around 240.4 million trips (-18.4% y.o.y.) paid with SUBE cards in January for a total of ARS0.137 trillion (falling 8% y.o.y. in real terms).
− Public transport fares paid through QR codes: In February there were 16.5 million trips for a total of ARS17.5 billion, mostly in buses (14.9 million, 90.6% of the total) and subway lines (1.5 million, 9.4%).

Electronic credit invoices for MSMEs (factura de crédito electrónica MiPyME, FCEM)
In the month under analysis, 85.7% of the operations were carried out in pesos, with 66.5 thousand invoices entering the open circulation system (SCA) for $ 1.4 trillion.

Withdrawals
Eighty nine percent of withdrawals were made from ATMs.

− Withdrawals from ATMs: in January (latest data available), there were 43.8 million withdrawals from 17,238 ATMs for an amount of ARS4.2 trillion. The average number of monthly withdrawals per ATM was around 2,541 averaging ARS94.8 thousand.
− Non-bank withdrawals through debit cards: There were 3.3 million transactions amounting to ARS0.2 trillion, withdrawals averaging ARS65.8 thousand.
− Non-bank withdrawals from payment accounts belonging to the same PSPCP (closed loop): 2.1 million transactions were conducted for ARS0.12 trillion, withdrawals averaging ARS61.2 thousand.