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

Summary

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

Money transfers (immediate “push” transfers): reported a growth in amounts of 16.6% y.o.y.

In pesos: 600 million transactions were registered for $58.2 billion, which imply year-on-year increases of 16.6% and 10.3%, in quantities and amounts respectively. 72.6% had a CVU as their origin and/or destination.

In foreign currency: 1.5 million operations (14.7% YoY) were registered for USD 2,409.3 million (20.1% YoY).

Money inflows (immediate “pull” transfers): reached 38.2 million operations.

38.2 million transfers were made for $ 2.9 billion, representing an increase of 4.4% in amounts and 4% in amounts compared to the month of April.

Interoperable transfer payments (PCT): QR reached 63.3 million transactions.

63.3 million operations were carried out (27.6% YoY) for a total of $1,157.1 billion (54.4% YoY).

-QR

: 97.4% were initiated with QR codes, representing 61.7 million payments (46.8% YoY) for $1,116.2 billion (71.8% YoY). 55.8% were made by customers who used their demand accounts and 44.2% their payment accounts. Likewise, 43% of merchants credited demand accounts and 57% in payment accounts.

Currently, 76 interoperable digital wallets and 44 PCT acceptors are registered with the BCRA.

-With random keys: 2.6% used a token for their initiation; that’s 1.6 million trades
(-78.6% YoY) for $40.9 billion (-58.9% YoY).

Payment accounts and funds invested through PSPCPs:

In April, out of a total of 57.8 million accounts, 13.7 million payment accounts had a balance for a total of 538.8 billion pesos, while the balances invested in FCI of money reached 4.6 trillion pesos. Both concepts, considered together, represent 5.9% of the total deposits in pesos of the private sector, which was $ 88.6 billion in the aforementioned month. At present, 188 PSPCPs are incorporated into the registry.

Direct debit:

11.8 million debits (-2.6% YoY) were made for $1.4 trillion (11% YoY), with an effectiveness rate that reached 49.1%.

Checks: 79.4% of the amounts cleared correspond to the ECHEQ.

5 million checks (physical and electronic) were cleared for a total of $17.5 billion. ECHEQ’s share of the total number of cleared reached 55.2% in quantities (2.7 million electronic checks) and 79.4% in amounts ($13.9 billion).

Rejections for reasons of “insufficient funds”: the ratio to the total number of compensated reached 1.4% in amounts and 1.2% in amounts.

Cards: The use of credit cards surpassed debit cards.

Debit: 176.9 million transactions were made for $4.3 trillion, with variations of -25.2% YoY in amounts and -15% YoY in amounts.

Credit: year-on-year variations of 20.8% in amounts and 29.9% in amounts were observed, making 181.9 million payments for $8.6 trillion. The most used channels were automatic debit with 15.3%, e-commerce with 29.4%, and POS and QR with 42.8%, of which 5.2 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:

363.5 million trips (-9% YoY) were made through the SUBE card, totaling $132.3 billion (9.3% YoY).

Electronic Invoicing for MSMEs (FCEM):

In the month under analysis, 88.3% of the operations were carried out in pesos, with 78.4 thousand invoices entering the open circulation system (SCA) for $ 1.2 trillion.

Extractions:

89% of withdrawals were made from ATMs.

ATMs: 60 million withdrawals were made from the 17,222 ATMs for a total of $3.6 billion, with the average number of withdrawals at each ATM being 3,484 operations during the month. The average withdrawal amount reached $60 thousand.

Extrabank debit cards: 4.2 million withdrawals for $221.5 billion, with an average amount of $52.8 thousand.

Extrabank withdrawals from intra-PSPCP (“closed loop”) payment accounts: 3 million withdrawals for $149.7 billion, with an average amount of $50.7 thousand.