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

Summary

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

Money transfers (immediate “push” transfers): reported a growth in amounts of 19.6% y.o.y.

In pesos: 591.6 million transactions were registered for $ 60.3 billion, which imply year-on-year increases of 19.6% and 34.1%, in quantities and amounts respectively. 75.9% had a CVU as their origin and/or destination.

In foreign currency: 1.5 million operations (46.7% YoY) were registered for USD 2,373.2 million (82.8% YoY).

Money deposits (immediate “pull” transfers): reached 39.5 million operations.

39.5 million transfers were made for $ 3.3 billion, representing an increase of 3.4% in quantities and 9.2% in amounts compared to the month of May.

Interoperable transfer payments (PCT): QR reached 61.7 million transactions.

62.9 million operations were carried out (18.8% YoY) for a total of $1,207.5 billion (41.5% YoY).

-QR

: 98% were initiated with QR codes, representing 61.7 million payments (36.1% YoY) for $1,173.9 billion (55.9% YoY). 54.3% were made by customers who used their demand accounts and 45.7% their payment accounts. Likewise, 41.2% of businesses credited to demand accounts and 58.8% to payment accounts.

Currently, 78 interoperable digital wallets and 45 PCT acceptors are registered with the BCRA.

-With random keys

: 2% used a token for their startup; These are 1.3 million operations (-83.3% YoY) for $33.6 billion (-66.5% YoY).

Payment accounts and funds invested through PSPCPs:

In May, out of a total of 60 million accounts, 13.9 million payment accounts had a balance for a total of 553.4 billion pesos, while the balances invested in FCI of money reached 4.8 trillion pesos. Both concepts, considered together, represent 5.9% of the total deposits in pesos of the private sector, which was $ 90.8 billion in the aforementioned month. At present, 191 PSPCPs are incorporated into the register.

Direct debit:

12 million debits (0.2% YoY) were made for $1.5 trillion (16.3% YoY), with an effectiveness rate that reached 48.3%.

Cheques: 81% of the amounts cleared correspond to ECHEQ.

4.9 million checks (physical and electronic) totaling $18.3 billion were cleared. ECHEQ’s share of the total number of cleared persons reached 56.3% in quantities (2.8 million electronic checks) and 81% in amounts ($14.8 billion).

Rejections for reasons of “insufficient funds”: the ratio to the total number of compensated reached 1.4% in quantities and 1% in amounts.

Cards: The use of credit cards surpassed debit cards.

Debit: 182.7 million transactions were made for $4.5 trillion, with variations of -26.7% YoY in amounts and -21% YoY in amounts.

Credit: year-on-year variations of 19.7% in quantities and 20.8% in amounts were observed, with 192.6 million payments being made for $9.8 trillion. The most used channels were automatic debit with 14.6%, e-commerce with 31.7%, and POS and QR with 42.1%, of which 7.4 percentage points correspond to interoperable QR.

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:

353.9 million trips were made (-8.8% YoY) using the SUBE card, totaling $132.9 billion (6.6% YoY).

Electronic Invoicing for MSMEs (FCEM): In the month of analysis, 87.3% of the operations were carried out in pesos, entering the open circulation system (SCA) 69.4 thousand invoices for $ 1.4 trillion.

Extractions: 90% of withdrawals were made from ATMs.

ATMs: 59.3 million withdrawals were made from the 17,721 ATMs for a total of $3.8 billion, with the average number of withdrawals at each ATM being 3,349 operations during the month. The average withdrawal amount reached $63.8k.

Extrabank debit cards: 4 million withdrawals for $215.4 billion, with an average amount of $53.8 thousand.

Extrabank withdrawals from intra PSPCP (“closed loop“) payment accounts: 3 million withdrawals for $153 billion, with an average amount of $52.5 thousand.